Futures Slide After Google Earnings, Oil & Bond Yields Jump On Houthi Escalation
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Source: Zero Hedge
Published: 2026-07-23 22:05 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Technology & AI, Energy, Economy & Finance, Financial Markets, Business & Economy
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Snippet:
US equity futures are lower as WTI breaches $90/bbl and Brent approaches $100/bbl (Houthi escalation in the Red Sea as two Saudi tankers were struck), pushing bond yields higher with longer-dated yields seen making new highs, globally. But, Alphabet's underwhelming results - while dragging down Mag7 names - are boosting Semis / AI (CapEx spend) which may mean the market is returning to its barbell of longs in AI / Semis plus Energy versus shorts in Rate-sensitives.
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