Global Markets Mixed as Oil Prices Rise and Tech Stocks Gain
· Business · Fortune, MarketWatch, Economic Times
Global stock markets showed mixed results as Brent crude oil climbed to $117 per barrel before settling near $116. In the United States, S&P 500 and Nasdaq futures rose marginally following an upcoming IPO filing by Anthropic that eased concerns over AI frontier labs. Meta shares declined nearly 2% after the company announced a $95 billion stock offering to fund its AI infrastructure buildout. In Asia, Japan's Nikkei 225 gained 1.73% and South Korea's KOSPI rose 3.09%, while China's CSI 300 dropped 1.32%. Bank of America analysts reported that 30% of S&P 500 companies have reported Q3 earnings, with 78% beating EPS expectations.
Why it matters
Rising crude oil prices and cautious investor sentiment toward the AI sector continue to drive volatility across international financial markets.
Read the original report — Fortune
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