Tech bulls are barely winning their fight against the oil bears

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Global markets were mixed this morning: Asia advanced except for China’s CSI 300, which fell 1.32%, while Europe declined as Brent crude surged between $116 and $117 per barrel. S&P 500 and Nasdaq futures were up a marginal 0.07% after Friday’s 0.7% gain, as Anthropic’s IPO filing buoyed technology stocks. Meta was the exception, declining nearly 2% after announcing $95 billion in new dilutive shares to fund its AI buildout. Bitcoin fell to $79,585, while 42% of traders were bearish. With 30% of S&P 500 companies having reported, 78% beat earnings-per-share expectations, but those results failed to dispel fears of an AI-driven bust.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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