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Wall Street Pauses as Tech Weakness Weighs on Futures

  U.S. stock futures were mixed as investors navigated lingering volatility following a sharp pullback in major technology names. Dow Jones futures showed a slight uptick, while S&P 500 futures hovered near flat. Nasdaq futures, however, continued to drift lower, reflecting ongoing pressure in the tech sector. The recent downturn in high‑growth technology stocks has prompted a broader shift in market sentiment, with traders rotating toward more defensive positions. Concerns about the sustainability of tech valuations and the impact of AI‑driven competition have added to the cautious mood. Attention now turns to Alphabet’s upcoming earnings report, which is expected to play a pivotal role in shaping the market’s next move. With investors eager for clarity on the company’s AI strategy and advertising performance, the results could either steady the tech landscape or deepen the current uncertainty.
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Houthi Attacks in the Red Sea Cause Major Disruption to Global Trade

 



The recent Houthi attacks on ships in the Red Sea have caused a major disruption to global trade, forcing vessels into longer and more costly journeys around Africa. The attacks have led to car factories idling in Belgium and Germany, and spring fashion lines being delayed at a popular British department store. The situation is causing delays and driving up costs at a time when the world is already struggling with higher prices for groceries, rent, and more.

The threat of further attacks grows considerably the longer the war in Gaza drags on. Disruption to Red Sea trade lasting a year could surge goods inflation by up to 2%, piling on pain while the world already struggles with higher prices for groceries, rent, and more. The situation is causing delays and driving up costs at a time when the world is already struggling with higher prices for groceries, rent, and more.


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