Live Nasdaq Composite: Stocks Slip as Oil Climbs, Big Tech Earnings Take Spotlight

Live Updates

Treasury Yields

25 minutes ago

Live

The long end of the bond market is flashing a warning sign. According to Bloomberg, the U.S. 30-year yield has spent 27 trading sessions above 5% this year, the longest such stretch in almost 20 years. The move reflects investor unease over sticky inflation, heavy Treasury supply, and the growing federal debt load, all of which keep pressure on borrowing costs even as equities wait for Big Tech earnings to reset the tone.

Housing Market Dynamics

1 hour ago

Live

The housing market gave investors a small demand signal even as borrowing costs ticked higher. The average 30-year fixed contract rate rose to 6.69% from 6.65%, but mortgage application purchases still climbed 6% for the week. The MBA pointed to rising inventory as the release valve, with more homes on the market giving buyers a reason to reengage despite rates that remain elevated.

This article will be updated throughout the day, so check back often for more daily updates. 

Stocks pointed lower this morning as oil jumped and earnings moved back to the center of the market’s attention. Nasdaq-100 futures dropped 1%, with tech under more pressure ahead of another heavy reporting slate. Dow futures slipped 102 points, or 0.2%, while S&P 500 futures fell 0.4%. WTI Crude is back above the $85/’barrel threshold, with the Strait of Hormuz in the center of the Mideast conflict.

Energy was the macro overhang. Brent crude climbed 3% to trade above $94 per barrel, briefly topping $95 for its highest level in more than a month, while West Texas Intermediate rose 3% to above $86. The move followed another round of U.S. strikes against Iran, keeping investors focused on whether higher oil prices could complicate the inflation and rate picture.

Earnings may decide the tone from here. ServiceNow (NYSE: NOW), IBM (NYSE: IBM), Tesla (Nasdaq: TSLA), Texas Instruments (Nasdaq: TXN), and Alphabet (Nasdaq: GOOGL) are all due to report, giving Wall Street fresh reads on AI spending, cloud demand, corporate tech budgets, chip demand, and second-half guidance.

Here’s a look at where things stand as of pre-morning trading:

Dow Futures: 52,397 Down 0.10%
Nasdaq 100 Futures: 29,093 Down 0.76%
S&P Futures: 7,524 Down 0.28%

Market Movers

Advanced Micro Devices (Nasdaq: AMD) landed a major AI infrastructure win, with Anthropic agreeing to buy up to 2 gigawatts of servers powered by AMD’s next-generation Instinct MI450 chips starting in H1 2027. The deal puts AMD deeper into the frontier-AI compute race and gives it a clearer path to compete beyond individual accelerators. AMD also plans to invest up to $5 billion in Anthropic as deployment milestones are met.

Reddit (Nasdaq: RDDT) is reportedly weighing whether to cut off Google’s (Nasdaq: GOOGL) access to its content for AI training. The companies struck a $60 million-a-year licensing deal in 2024, but that agreement is nearing its end. Publishers including USA Today, Politico, The Economist, People, and Reuters are also reportedly reassessing how much access AI companies should get, and at what price.

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