Dow Jones and tech futures decline on higher oil prices, while AI server maker Super Micro jumps on strong preliminary Q4 results.
Dow Jones futures fell slightly early Wednesday, alongside declines in S&P 500 and Nasdaq futures, as rising oil prices weighed on sentiment. Super Micro Computer surged following preliminary fourth-quarter results, while GE Vernova dropped after missing earnings expectations.
The broader market had rallied Tuesday, overcoming higher oil prices and Treasury yields. Investors now await earnings from Alphabet and Tesla after the close, which could influence tech sector sentiment.
AI-related stocks continued to draw attention, with Super Micro’s gains contrasting GE Vernova’s decline. Oil prices remained a key macro driver amid broader market volatility.