{
  "id": 15744550,
  "title": "Nasdaq futures fall as oil prices jump, key earnings loom",
  "url": "https://urgent.news/2026/10/20/nasdaq-futures-fall-as-oil-prices-jump-key-earnings-loom-15744550",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T12:14:17.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/20/nasdaq-futures-fall-as-oil-prices-jump-key-earnings-loom"
  },
  "original_language": "en",
  "account": "Nasdaq 100 futures dropped on Tuesday, influenced by a decline in AI-related stocks and an uptick in oil prices, as investors prepared for significant corporate earnings announcements. CoreWeave and Nebius Group suffered declines of 4.7% and 4.9% respectively in premarket trading, while Apple and Nvidia saw minor losses. This downturn came after a brief rally on Monday when the S&P 500 and Nasdaq indexes gained as investors took advantage of the dip in technology stocks following last week's sharp sell-off, primarily due to concerns about CoreWeave's debt burden and the expense of AI expansion.\n\nAnalyst Ion Jauregui from ActivTrades described the current market situation as a dip within a selective market rather than a genuine AI buying opportunity or the onset of a deeper market reevaluation. Investors are exercising caution regarding AI-related stocks compared to their enthusiasm a year ago.\n\nOn the other hand, South Korean AI infrastructure company Elice Group faced a steep 29.9% drop in its market debut, falling below its IPO price following the company's offering of ₩201.1 billion (US$151.12 million). By 7:06 a.m., Dow E-minis were up 31 points (0.06%), and S&P 500 E-minis declined by 15.5 points (0.2%), while Nasdaq 100 E-minis slipped by 183.75 points (0.62%).\n\nBrent crude oil prices reached near a five-month high due to investors factoring in a geopolitical risk premium from Houthi attacks on Saudi infrastructure and reports of vessel assaults in the Gulf. The upcoming week's corporate earnings, including SpaceX and Netflix on Tuesday, and Meta Platforms and Tesla on Wednesday, will help determine if companies can sustain robust growth despite escalating macroeconomic risks. General Motors missed third-quarter profit estimates, resulting in a 5.2% drop in its shares, while Halliburton rose 5.7% after surpassing Wall Street's profit expectations for the quarter. 3M shares increased by 0.5% after the company announced plans to intensify its commercial relationship with Amazon and issued a warrant to an Amazon subsidiary enabling it to purchase 3M common stock worth over US$521 million.",
  "summary": "Investors will watch this week's corporate earnings for clues on whether companies can sustain growth amid mounting macroeconomic risks.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}