Market Decline Driven by Alphabet and AMD Earnings Disappointment
U.S. stock futures fell sharply today as disappointing earnings reports from tech giants Alphabet and AMD weighed heavily on investor sentiment. The Nasdaq futures experienced significant drops amid concerns about continuing struggles in the technology sector, as both companies reported underwhelming sales figures. This downward trend contributed to a broader selloff across major indices, including the S&P 500 and Dow. Meanwhile, gold prices reached a record high, reflecting a flight to safety amidst the uncertainty fueled by trade tensions and a bleak economic outlook. Analysts are closely watching the upcoming U.S. ADP jobs report for further indications of economic health, while investors remain cautious about the impact of potential China tariffs.
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