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Markets are showing signs of resilience this morning, with investors stepping back into tech ahead of a crucial earnings test for the biggest names in the market.
Futures on the Nasdaq 100 are up about 0.4%, recovering from the previous session’s decline, as traders position for results from Alphabet, Microsoft, Amazon, and Meta Platforms. Together, these companies have been central to the recent rally, and their earnings could determine whether momentum continues.
The biggest stock-specific moves are in semiconductors. Seagate Technology and NXP Semiconductors are both surging करीब 18% in premarket trading after strong results, lifting sentiment across the chip space. The move reinforces confidence that AI-driven demand is still translating into real earnings growth.
In Europe, corporate reactions are more mixed. UBS Group is gaining after strong trading revenue boosted profits, while Deutsche Bank is falling after higher provisions for bad loans weighed on results. Adidas is a standout gainer, jumping over 7% on better-than-expected sales.
Healthcare is also in focus. Biogen is moving higher after beating expectations, supported by its Alzheimer’s drug and cost controls.
Meanwhile, oil continues to dominate the macro backdrop. Brent crude has climbed above $114 a barrel as tensions in the Middle East persist, keeping pressure on inflation expectations and central bank outlooks.
The takeaway is clear.
Markets are buying the dip in tech, but the real test lies ahead. With megacap earnings and the Fed decision lined up, stock-specific moves are intensifying beneath a relatively stable index.
