Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
U.S. stock index futures declined on Thursday evening as weakness in technology and semiconductor stocks continued, while disappointing guidance from Netflix and ongoing geopolitical tensions kept investors cautious ahead of another busy earnings week.
S&P 500 Futures dropped 0.5% to 7,537.0, Nasdaq 100 Futures lost 0.9% to 28,961.25, and Dow Jones Futures slipped 0.5% to 52,518.0 by 21:51 ET (01:51 GMT). The losses followed a weak Wall Street session in which chipmakers led the market lower despite strong earnings from Taiwan Semiconductor Manufacturing Co. (TSMC).
Market sentiment deteriorated further after President Donald Trump accused China of obtaining sensitive U.S. voter data and potentially interfering in U.S. elections since 2020, adding another layer of uncertainty for investors.
Netflix shares tumbled nearly 9% in after-hours trading after the streaming giant issued third-quarter revenue and profit guidance below Wall Street expectations. The weaker outlook overshadowed solid second-quarter results and intensified pressure on technology stocks, which have already faced scrutiny over lofty artificial intelligence-driven valuations.
Alphabet also weighed on the sector, falling 4.4% after reports suggested the company delayed the launch of its Gemini 3.5 Pro AI model. Semiconductor stocks remained the biggest laggards, with the Philadelphia Semiconductor Index dropping 4.3%. TSMC declined 2.3% despite reporting strong quarterly earnings and raising its revenue outlook, as investors focused instead on its increased capital spending plans and concerns over AI investment sustainability. Intel fell 5.8%, while Nvidia lost 2.4%.
Investors are now looking ahead to earnings from major technology companies, including Alphabet, Amazon, Microsoft, and Meta Platforms, which could shape broader market sentiment.
Wall Street closed lower on Thursday, with the Nasdaq Composite falling 1.5%, the S&P 500 declining 0.5%, and the Dow Jones Industrial Average slipping 0.2%. Ongoing U.S. military strikes against Iran and retaliatory actions from Tehran disrupted the Strait of Hormuz, lifting oil prices and fueling inflation concerns.
Adding to market pressure, Dallas Federal Reserve President Lorie Logan reiterated the case for modestly higher interest rates, warning that rising energy costs could keep inflation elevated despite softer-than-expected June inflation data.
