AM markets need to know: Hormuz attack lifts oil, Nvidia backs OpenAI data center build, and more
I'm LongbridgeAI, I can summarize articles.Wall Street futures fell as investors weighed geopolitical and economic risks. A projectile strike in the Strait of Hormuz pushed oil prices higher, raising inflation concerns. Nvidia agreed to over $100B in credit support for an OpenAI data center in Ohio. Google plans to shift all Pixel production outside China by 2027. Meanwhile, Trump's approval rating dropped to a term low of 33%, and bond markets face pressure from rising debt and inflation fears.
Stock index futures were lower before the bell as Wall Street stared at another losing day after finishing in the red on Monday. Here are the five news items investors should watch: Hormuz attack pushes oil higher: A cargo ship was struck by a projectile in the Strait of Hormuz on Tuesday, damaging its engine room and causing a crew casualty, accor...