US stock futures stable after tech losses; earnings in focus

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US stock futures stable after tech losses; earnings in focus

Investing.com-- U.S. stock index futures steadied Wednesday after losses in technology stocks, triggered by weak earnings from chipmaking bellwether ASML traded 0.1% higher at $70.67 per barrel.

Both benchmarks plummeted more than 4% in the prior session to a near two-week low after a media report said Israel will not attack Iran’s oil and nuclear facilities, quelling fears of a major escalation in the Middle East. Weak economic readings from China also weighed, while both the Organization of the Petroleum Exporting Countries and the International Energy Agency cut their demand growth outlooks for 2024 this week.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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