Premarket Mix: Tech Selloff Eases as TI Rally and Peace-Talk Hopes Loom
TL;DR Summary
Premarket futures show a mixed open after a tech-led slide pulled the Nasdaq from record highs, with ServiceNow and IBM dropping while Texas Instruments surged on AI-data-center demand and Intel rose on strong results. Oil prices slipped on renewed U.S.–Iran diplomacy and a ceasefire outlook. In corporate news, Microsoft is offering 7% buyouts for U.S. staff, Meta and Nike announced large layoffs, Regeneron will cut drug prices and offer a free hearing-loss gene therapy, and Starbucks’ loyalty-program changes are driving higher point redemptions ahead of earnings.
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