Radiocor News

US futures mainly lower on tech losses, Iran talk

(Il Sole 24 Ore Radiocor) - Milano, 28 apr - US futures were mainly lower amid tech weakness as investors tracked the latest developments in the Gulf.

Wall Street ended mainly higher yesterday as the tech-heavy Nasdaq and S&P 500 closed at new record highs. The Dow fell 0.1%.

As oil jitters mount, the White House said US officials were looking at a new proposal tabled by Iran to reopen the Strait of Hormuz, the narrow waterway that handled roughly a fifth of global energy flows before the conflict.

But reports said president Donald Trump was not satisfied with the proposal which also calls on Washington to lift its naval blockade and defer talks on Tehran-s nuclear program.

Over the weekend, Trump scrapped plans to send US envoys to Pakistan to try and break the deadlock in peace talks.

On the stocks front, shares in GM were up 3.8% in premarket trade after the carmaker beat expectations and raised its outlook while Spotify fell more than 10% after reporting revenue growth in line with expectations.

Chip shares, after recent gains, fell back, impacted by a report that OpenAI missed internal revenue and user targets.

Futures on the Dow Jones were up 123.00 points, or 0.25%, S&P 500 futures were down 39.25 points, or 0.54%, while futures.

on the Nasdaq were down 298.25 points, or 1.09%.

(RADIOCOR) 28-04-26 13:59:39 (0454) 5 NNNN

 


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