Markets Drift as Oil Stays Elevated and Intel Jumps
U.S. equity futures showed little direction as oil prices remained above $100 per barrel due to ongoing disruptions in the Strait of Hormuz. Intel shares surged in after-hours trading following a positive outlook from the company. The market was also influenced by a generally strong U.S. earnings season.
Topics: geopolitical tensions Intel oil prices semiconductor sector stock market U.S.-Iran ceasefire