US Market Preview: Oil surges 3% on US-Iran escalation; Nvidia's USD 12.9 billion Hugging Face deal; Warsh weighs
US Market Preview·- US stock index futures moved slightly lower pre-market, driven by escalating US-Iran conflicts and Federal Reserve hawkish comments. - WTI crude surged 3.87 % to 86.63 US dollars per barrel due to supply disruption concerns, while Nvidia agreed to acquire Hugging Face for 12.9 billion US dollars. - COMEX gold fell 0.56 % to 4,504.50 US dollars per ounce, and global smartphone shipments in 2026 are expected to drop by 16.7 %.Nasdaq Jumps Over 400 Points As Nvidia Shares Surge: Investor Sentiment Improves, Fear & Greed Index Moves To ‘Greed’ Zone
benzinga_article·- U.S. stocks closed higher on Thursday, driven by a surge in Nvidia shares and positive financial results from several companies. - The Nasdaq Composite jumped more than 400 points, while the CNN Money Fear and Greed index moved to the “Greed” zone at a reading of 58. - Economic data showed initial jobless claims declined to 203,000 and wholesale inventories climbed 1.3 % in July.