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Tech Stocks Lift Futures Ahead of Nvidia’s Earnings

U.S. stock futures edged higher as investors positioned themselves for one of the most closely watched earnings reports of the season: Nvidia’s. The Dow Jones Industrial Average, S&P 500, and Nasdaq 100 futures all posted early gains, reflecting renewed optimism in the tech sector. Market Mood Brightens Futures tied to the Dow showed modest strength, supported by cyclical stocks. The S&P 500 and Nasdaq futures climbed as traders bet on continued momentum in artificial intelligence–driven companies. Nvidia’s upcoming earnings report is widely expected to influence the broader market, given the company’s outsized role in the AI boom. Why Nvidia Matters Today Nvidia has become a bellwether for tech sentiment. Its performance often sets the tone for semiconductor stocks and, increasingly, the entire market. Investors are watching for: AI chip demand updates Revenue growth tied to data centers Forward guidance that could sway market direction A strong report could ...
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Yemeni Houthi Rebel Attacks on Ships in the Red Sea Disrupt Global Trade

 

The Yemeni Houthi rebel attacks on ships in the Red Sea have been causing significant disruptions to global trade. The Houthis, who are backed by Iran, have been targeting commercial ships in the region with drones and anti-ship missiles. 

The attacks have escalated since the start of the Israel-Hamas war in October 2023. The Red Sea is a crucial maritime artery for consumer goods and energy supplies, with 40% of Asia-Europe trade normally flowing through the area. The attacks have rerouted most of the trade normally flowing through the Red Sea, delaying shipments and raising transport costs. The impact of the attacks has been felt worldwide, with electric car maker Tesla announcing that it had to shut down its factory outside Berlin due to delays in supply chains.

In response to the growing impact on global trade, the United States and a host of other nations have created a new force to protect ships. The Biden administration has set up a 10-nation naval task force to protect ships traveling along this important route. Some of the world’s largest container shipping companies and oil giant BP have been sending vessels on longer journeys that bypass the Red Sea.


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