Nasdaq Futures Steady After 2.2% Plunge on Oil Spike, Tesla and Alphabet Misses
NDX sits 25% above its 52-week low of $22,673.875.
Summary
Nasdaq-100 futures are little changed Thursday night after the index suffered its worst day since June 23, dropping 2.2%. The selloff was driven by a surge in oil prices—Brent crude topped $100 for the first time since late May after Saudi tankers were struck—and weak earnings from Tesla and Alphabet. Tesla plunged nearly 15% on an earnings miss, while Alphabet fell 7% after raising capex guidance, intensifying AI spending fears. The Dow fell over 500 points, and the S&P 500 lost 1.2%, putting all three major averages on track for weekly losses. This follows a Moneycontrol report earlier today on the same selloff, but adds closing figures and the overnight futures reaction, showing markets stabilizing for now.
At the time of this announcement, NDX was trading at $28,454.81 on NASDAQ in the Technology sector. The 52-week trading range was $22,673.88 to $30,762.20. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Binance News.