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Wall Street edges lower ahead of Alphabet earnings as Brent tops $95
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US stock futures slipped modestly on Wednesday as investors awaited Alphabet's quarterly earnings for signs of AI-driven revenue growth. Brent crude jumped over 2% to $95.10/barrel amid rising geopolitical tensions threatening oil transit.
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Wall Street edges lower ahead of Alphabet earnings as Brent tops $95
Nasdaq-100 futures fell 0.6% while S&P 500 and Dow Jones Industrial Average futures declined 0.3% and 31 points respectively. The losses capped a two-day Nasdaq rebound as markets positioned for Alphabet's earnings release. Brent crude climbed above $95.10/barrel, driven by fears of supply disruptions linked to US-Iran hostilities and Houthi threats to Red Sea shipping. Analysts noted the energy spike could pressure inflation and complicate Federal Reserve policy decisions. Trading volumes remained subdued ahead of the earnings announcement scheduled for after market close.
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