Here is the global market roundup. Let us start with the New York stock market.
The three major U.S. stock indices closed with mixed movements.
The Nasdaq fell 2%, and the S&P 500 also declined by more than 1%. Only the Dow Jones Industrial Average posted a slight gain.
Performances varied clearly by sector.
While technology stocks slumped by 3% and materials by 2%, defensive stocks attracted strong buying, with consumer staples rising 3% and utilities gaining 1%.
Meta, which reported strong earnings yesterday, revealed plans for tens of billions of dollars in future AI infrastructure investments alongside funding burden concerns, sending a wave of fear through the market that financial health could deteriorate.
Compounding this, NVIDIA CEO Jensen Huang remarked that while AI demand remains strong, there is a lack of capital to support it, further dampening investor sentiment.
Next, let us look at the U.S. futures market.
Following the expansion of selling pressure centered on tech stocks in the previous New York session, attention is focused on whether sentiment will recover in the futures market.
Among U.S. stock index futures, only Nasdaq 100 futures are showing a weaker trend.
Dow futures are up 37 points, trading around the 53,000 level, while Nasdaq 100 futures are down 18 points, recording the 29,100 level.
In addition, S&P 500 futures are edging up, moving around the 7,700 level.
Russell 2000 futures, focused on small-cap stocks, are ticking up to record the 2,700 level.
Meanwhile, as buying rushed toward safe-haven assets, U.S. Treasury prices rose by the largest margin in about a year.
Consequently, Treasury yields fell sharply.
The 10-year U.S. Treasury futures are recording 4.966%.
Turning to the commodity futures market, reports surfaced that the U.S. and Israel plan to resume attacks on Iran following next month's midterm elections, fueling concerns over potential disruptions to crude oil supplies, with crude oil futures moving around the 99 dollars per barrel level.
As corn yields in some parts of the U.S. turned out better than initially feared, price drops boosted overseas demand, pushing weekly export sales above market expectations.
Corn futures are trading around the 460 cents per bushel level.
Lastly, here is the performance of major stocks in the U.S. stock futures market.
During the regular session, selling pressure was heavily concentrated on semiconductor stocks.
Amid growing attention on Meta's cost burdens stemming from massive facility investments, Meta futures are edging lower, alongside NVIDIA futures.
That concludes our look at the CME futures market.
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