economy
Stock futures rise as U.S. completes strikes against Iran: Live updates
A rout in chip stocks and ramp-up in Middle East tensions pulled down the major averages on Wednesday.
TL;DR
- Stock futures rose Thursday morning following U.S. strikes against Iran.
- Oracle shares dropped significantly in extended trading after announcing plans to raise $20 billion for AI buildout.
- Asia-Pacific markets opened lower, with South Korea's Kospi leading the decline.
- Investors are rotating out of tech stocks and into pharmaceuticals, financials, and energy.
- Geopolitical tensions in the Middle East continue to rise, impacting global markets.
- May's producer price index and initial jobless claims are key economic indicators to watch.
- Pimco advises investors to focus on high-quality assets in fixed income portfolios.
- Wall Street is becoming more receptive to the cryptocurrency sector.