Cargo shipsStock market
Futures Slide As AI Reckoning Claims Amazon, Intel; Oil Jumps On Hormuz Tanker Hits
Futures Slide As AI Reckoning Claims Amazon, Intel; Oil Jumps On Hormuz Tanker Hits US futures slide with Nasdaq futures tumbling more than 2%, as the AI reckoning that started with Alphabet's record plunge claims two more megacaps: Amazon slides after a capex shock and the slowest e-commerce growth in three years, while Intel craters 26% after a guide that was "much weaker than expected"; meanwhile oil keeps climbing on signs the US may resume strikes against Iran and on an Iranian claim that two oil tankers were hit and stopped in Hormuz; as a result, the Nasdaq 100 is now track