U.S. Futures Rise as Oil Prices Pull Back
Futures are pointing higher this morning as oil pulls back from recent spikes. Crude had surged above $110-$120 on escalating U.S.-Iran conflict headlines, but is now easing and the 10-year yield is stabilizing around the mid-4% range.Earnings remain strong and AI capital expenditures continue to act as a structural tailwind. There is persistent capital flow into semis and hyperscalers, with expectations for massive multi-year spend cycles anchoring estimates higher. Under the surface, dispersion remains high. Strong prints are still being rewarded while weaker forward visibility is getting punished.In pre-market trading, S&P 500 futures rose 0.44%, Nasdaq futures rose 0.73% and Dow futures rose 0.36%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Intelup 4% after BloombergApplehas held discussions on using Intel and Samsungto produce the main processors for its U.S. devicesUP AFTER EARNINGS -Pinterestup 18%Integra LifeSciencesup 10%Watersup 10%Rockwell Automationup 9%AB InBevup 6%DuPontup 2%Cumminsup 2%KKRup 1%GlobalFoundriesup 1%Archer Danielsup 1%Leidosup 1%DOWN AFTER EARNINGS -Fabrinetdown 12%Fiservdown 9%PayPaldown 8%Shopifydown 6%On Semidown 6%Eatondown 4%Duolingodown 4%Palantirdown 1%
