US Futures in a Holding Patter Ahead of Midterm Elections Though Oil Rebounds After US Attacks Iran
Brent crude rose 1.6% to above $100 a barrel as investors weighed U.S. strikes on Iran and weaker tech earnings.
- On Tuesday, the United States carried out strikes on Iran's Qeshm Island in the Strait of Hormuz, sending Brent crude prices up 1.6% to over $100 per barrel while European STOXX futures slipped over 1%.
- The strikes occurred despite Iran indicating openness to peace talks and President Donald Trump indicating he might delay action until after the midterm elections, dampening hopes for ending the months-long conflict.
- South Korea's Kospi fell 4% while memory chipmaker SK Hynix dropped 5.7% and Samsung Electronics declined 4%, as European indices like the DAX and IBEX also slid about 1% amid broader market volatility.
- Investors are reassessing the tech trade following disappointing results from United States hyperscalers, with futures tracking the Dow Jones Industrial Average dipping 0.5% while The Nasdaq gained 0.25%.
- Republicans and Democrats continue battling for control of Congress as the outcome of Tuesday's vote could reshape President Donald Trump's final two years, while worries persist that massive AI investments may not yield sufficient productivity gains.
14 Articles
14 Articles
U.S. futures in a holding pattern ahead of midterm elections though oil rebounds after U.S. attacks Iran
U.S. futures were mixed Tuesday ahead of the U.S. midterm elections and with concerns continuing to grow about the huge costs of expansion in the artificial intelligence sector.
Europe stocks set to fall as US-Iran tensions fuel oil rebound
Nov 3 (Reuters) - Europe's benchmark equities index was set to fall at the open on Tuesday after reports that the United States carried out strikes on Iran sent crude prices higher, dampening hopes for an imminent end to the months-long conflict. Fut...
The Toronto Star
US futures in a holding patter ahead of midterm elections though oil rebounds after US attacks Iran
FRANKFURT, Germany (AP) — U.S. futures were mixed Tuesday ahead of the U.S. midterm elections and with concerns continuing to grow about the huge costs of expansion in the artificial
EARLY MARKETS: US futures in a holding patter ahead of midterm elections though oil rebounds after US attacks Iran
HONG KONG, CHINA - OCTOBER 23: People walk and talk beneath an electronic board displaying the Hang Seng Index and other stock market indices during morning trading on October 23, 2026 in Hong Kong, China. Hong Kong's Hang Seng Index rebounded 0.7% after falling 3% in the previous session, amid global market volatility driven by concerns over artificial intelligence investment costs and rising oil prices. (Photo by Cheng Xin/Getty Images)
Oil prices rebound as hopes for end to Iran war fade. Oil prices rebounded on Tuesday after a sharp drop the previous day. Market optimism was dampened by Iran's announcement that an agreement to end the war with the US was still a long way off. Tensions were also heightened by a new US attack on Iran. fuels, USA, Energy, Geopolitics, Donald Trump, commodity market, Ukraine.
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