Nasdaq Futures Drop 0.8% As Brent Crude Tops $95 A Barrel
Alphabet reports after the close, priced for near 65% cloud growth to $22.4 billion, as real yields hit a post-2008 high.
- Nasdaq 100 futures fell 0.8%, S&P 500 futures 0.3%, ahead of Tesla and IBM earnings too.
- Brent crude broke $95 a barrel for the first time in six weeks, WTI near $88.
- The 30-year real Treasury yield reached 2.93%, its highest level since before the 2008 crash.
Why it matters: A single earnings call now carries more weight for markets than the war lifting oil past $95.