SAP climbs on cloud backlog as markets tilt mixed ahead of Friday trade
TL;DR Summary
SAP rose about 3% in pre-market trading after reporting a 27% YoY jump in cloud order backlog to €22.9B and €9.88B in revenue, beating forecasts. The broader picture shows a mixed open for European markets as oil hovers near $100 per barrel amid Middle East tensions and AI-related spending fueling yields; Asia stocks were broadly lower with notable moves in SK Hynix and SoftBank, and the U.S. is set to impose tariffs on 60 countries.
- S&P 500 futures are little changed as traders look to recover from oil-driven sell-off: Live updates CNBC
- Stocks Tumble as A.I. Spending and Oil Prices Weigh on Market The New York Times
- Stock market today: Dow, S&P 500, Nasdaq sell off as rising oil prices, bond yields, and AI capex weigh Yahoo Finance
- Brent oil tops $100 per barrel, as tumbles for Tesla and Alphabet yank Wall Street lower AP News
- Wall St falls as tech earnings spark AI spending worries and oil hits $100 Reuters
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