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Traders shun shorts on AI stocks ahead of earnings
S&P 500 futures were essentially unchanged
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S&P 500 futures were essentially unchanged after an AI-led stock rally pushed the index to a one-month high the previous day, while falling oil continued to set the market tone. It was oil, not corporate news, that dominated the tape: Brent gave back an intraday gain of up to 2% and slid back toward $98/bbl after Kyodo reported Iran offered to open the Strait of Hormuz within seven days in exchange for lifting the US blockade. That implies a direct chain
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Jakub Novak,
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