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Nasdaq futures sink as AI doubts resurface, oil jumps

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Covered by 2 outlets: Reuters, Yahoo Finance.

Who covered it: Center 2. How we rate outlets

Nasdaq futures sink as AI doubts resurface, oil jumps

Oct 22 (Reuters) - Nasdaq futures slid more than 1% on Thursday as high-growth stocks faced renewed pressure after earnings from Tesla and Meta Platforms did little to allay concerns over AI spending,

Directly affected

  • NDAQ Nasdaq

    Named in this report.

  • TSLA Tesla

    Named in this report.

  • META Meta Platforms

    Named in this report.

Indirectly affected

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • OXY Occidental Petroleum

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips

    Oil producers earn more when crude prices rise

  • VLO Valero

    Refiners' profits move with crude and fuel prices

  • MPC Marathon Petroleum

    Refiners' profits move with crude and fuel prices

  • XOP SPDR S&P Oil & Gas Exploration

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR

    A fund of energy companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NDAQ———————
TSLA———————
META———————
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

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Nasdaq futures sink as AI doubts resurface, oil jumps Reuters

Source: Reuters

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How solid “Nasdaq futures sink as AI doubts resurface, oil jumps” looks

25 out of 100

“Nasdaq futures sink as AI doubts resurface, oil jumps” scores 25 out of 100. The score uses 2 sources.