China Consumer Stocks Near Decade Lows as AI Shares Surge 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Trump, Xi Focus on Trade and AI at White House Summit 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Trump to Ease U.S. Fuel-Economy Standards 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
US Stocks Face Jobs, Inflation Test as Fed Rate Hike Bets Rise 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
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Stock Futures Steady After Tech Stocks Decline
U.S. stock futures stabilized in Tuesday evening trading, following earlier losses driven by weak earnings from ASML, a key player in the semiconductor industry. S&P 500 Futures held steady at 5,863.75 points, while Nasdaq 100 Futures saw a slight rise to 20,355.75 points. Dow Jones Futures remained unchanged at 43,009 points as of 19:09 ET (23:09 GMT).
ASML's Weak Outlook Hits Chipmakers
ASML, a semiconductor equipment manufacturer, cut its annual forecast due to reduced demand for non-AI chips, triggering a sharp 16.3% drop in its stock during the day. Although ASML’s earnings surpassed estimates, the market reacted negatively. The stock slightly recovered in after-hours trading.
Other major chipmakers followed ASML’s lead, with NVIDIA dropping 4.5%, AMD down 5.2%, and Intel losing 3.3%. Concerns were further fueled by reports that the U.S. government might limit AI chip sales to certain countries, raising fears of declining revenue.
Eyes on TSMC Earnings
The chipmaking sector’s focus now shifts to Taiwan’s TSMC, the world’s largest contract chipmaker, whose third-quarter earnings are due Thursday. Investors view TSMC as a key indicator of the broader semiconductor industry’s health.
Broader Market Trends Amid Earnings Season
The broader stock market also faced challenges. The S&P 500 dipped 0.8% to 5,815.26 points, while the NASDAQ Composite fell nearly 1% to 18,322.05 points. The Dow Jones Industrial Average dropped 0.8% to 42,740.42 points, all from record highs.
In contrast, third-quarter earnings reports from major banks like Goldman Sachs and Citigroup were positive, but largely overshadowed by the tech slump. Key earnings reports, including those from Morgan Stanley, and Netflix, continue this week.
