Finance

Travel stocks gained as Brent crude tumbled about 8% on Monday after Iran's leadership authorized further talks with Washington. In Europe, Ryanair rose 5.2% and Lufthansa 4.1% as lower fuel costs lifted the outlook for carriers. Fuel is one of the largest expense lines for airlines such as Delta and American, which had been pressured by last week's tanker attacks near the Strait of Hormuz. Oil rebounded modestly on Tuesday after limited U.S. defensive strikes on Iran's Qeshm

Riot Platforms fell about 7.6% on Monday after Keefe, Bruyette & Woods cut price targets across bitcoin miners that are pivoting to AI hosting. Coinbase also slid about 4% following a Morgan Stanley downgrade. Bitcoin traded near $76,800 and ether near $2,249. U.S. spot bitcoin ETFs saw roughly $399 million of outflows, almost all from BlackRock's IBIT, while ether funds lost about $140 million for a sixth straight day of outflows. The moves extend a weak stretch for crypto-l

The Nasdaq 100 fell about 1.4% on Monday and is now roughly 10% below its record high, meeting the common definition of a correction. The Philadelphia Semiconductor Index has dropped about 12% over three sessions, and Asian chipmakers followed, with South Korea's Kospi sliding more than 3% as Samsung Electronics and SK Hynix each lost around 5%. Analysts describe a shift from thematic optimism about artificial intelligence to scrutiny of cash flows and returns on heavy capita

Energy majors lagged Europe's rally on Monday as oil prices dropped. BP fell 4.4% and Shell lost 3.1% after Brent crude slid about 8% on hopes for a U.S.-Iran deal, while European gas futures fell almost 9%. The pullback follows a strong earnings run for the sector, including BP's nearly fourfold jump in third-quarter profit on a refining windfall. Chevron and Exxon also beat estimates last week. Brent rebounded modestly on Tuesday after limited U.S. strikes near the Strait o

U.S. voters head to the polls for the midterm elections today as the 10-year Treasury yield sits near 4.91% and the 2-year around 4.60%. Options markets are pricing a move of about 0.9% for the S&P 500 today and 1.85% by Friday. Credit conditions are also tightening, with the high-yield spread over Treasuries at 339 basis points, near an 18-month high. Central banks abroad are turning hawkish: Australia's central bank raised rates by 25 basis points, and the Bank of England i

The Nasdaq ended October with its biggest monthly decline since March 2025, as tech investors reacted to AI spending outlooks from Google and Microsoft that came in below expectations. Sentiment toward artificial-intelligence stocks briefly improved after Anthropic's IPO filing, but the lift faded as worries about slower AI investment returned. The Dow, helped by healthcare shares, gained nearly 2% over the same month. The split highlights a rotation away from richly valued g

U.S. stock index futures pointed higher early Monday after a rough end to October. Nasdaq 100 futures were up about 0.84%, S&P 500 futures gained roughly 0.51% and Dow futures rose about 0.55%. Last week the S&P 500 and the Dow each fell less than 1%, while the Nasdaq dropped about 2%. Falling oil prices and hopes of easing tensions in the Gulf helped lift sentiment going into the new week. Investors now face a packed calendar that includes the U.S. midterm elections on Novem

Super Micro Computer is scheduled to report quarterly results this week, part of a crowded earnings calendar that also includes Apple, Palantir, AMD, Pfizer, Block, ARM Holdings, Qualcomm, McDonald's, Uber and IonQ. The server maker's report will be watched as a gauge of demand for AI infrastructure, a theme that has driven much of the market's gains this year but has also made chip and hardware stocks sensitive to any change in spending expectations. Results from consumer an