The Nightcap: US pulls diplomats from Saudi Arabia and Nasdaq futures slide 0.8%
Reuters reported the State Department ordered some diplomats and families out of Saudi Arabia after Houthi strikes. At 9:01 PM ET the Nasdaq 100 future was down 0.82% on the board, with gold down 0.7%.
The Middle East is the headline tonight. The United States has ordered some diplomats and family members to leave its missions in Saudi Arabia after more attacks by Yemen's Houthis, according to a report carrying Reuters' exclusive. US officials told Reuters the State Department also plans to pull family members from several other US missions in the region. The same report said the Houthis struck several targets on Wednesday, including a civilian airport in Dammam, where at least one person was killed and eight wounded, and a Saudi oil field, where two people died.
Futures at 9:01 PM ET
| Instrument | Level | Change on the board |
|---|---|---|
| S&P 500 futures | 7,731.0 | -0.45% |
| Nasdaq 100 futures | 29,618.8 | -0.82% |
| Dow futures | 52,699.5 | -0.41% |
| Russell 2000 | 2,768.8 | -0.41% |
| Gold (spot) | $4,112.21 | -0.70% |
Quotes from the Chronicle markets board at 9:01 PM ET. Changes are the board's own, against its session reference, not a comparison with the cash close. The cash indexes closed higher Wednesday: see our closing story.
Tech is taking the biggest hit, the reverse of Wednesday, when the Nasdaq 100 gained 1.13%. Gold is lower alongside stocks, which fits the pattern in WSJ's gold report of energy costs and Fed uncertainty weighing on the metal.
Oil, quoted on the December contract
Per the Reuters-sourced report, Brent rose $1.29, or 1.2%, to $110.11 a barrel at 00:34 GMT (8:34 PM ET), and WTI gained 97 cents to $98.12. It also cited Kpler data showing at least 18 attacks on shipping in two weeks. Weekly EIA data showed crude stocks down 3.06 million barrels, against an expected 820,000-barrel draw, while distillate stocks rose 1.68 million barrels. We are not quoting the board's WTI print, which may reference a different contract.
After-hours earnings
CNBC reported IBM beat on revenue and earnings and raised its free-cash-flow outlook, yet shares slipped in extended trading. CNBC's Investing Club said Meta rose about 2% after hours on $64.6 billion of revenue, up 26%; our look at its non-voting stock class and capex has the detail. MarketWatch's headline said Tesla's stock fell as Musk left investors wanting more; read our breakdown of its filing. Extended-hours prices are thin and can change by the open.
What to watch at the open
- Thursday: initial jobless claims, forecast at 200,000 against 199,000 previously.
- Friday: the flash S&P Global composite PMI, previous reading 58.4.
- October 28: the Fed decision, with the funds target forecast at 3.875%. The Treasury's official close put the 10-year at 5.13% Wednesday. See our economic calendar.
Sources: Chronicle markets board, Reuters via Investing.com, CNBC, MarketWatch, WSJ, U.S. Treasury. Some data may be delayed. This is market information, not investment advice.
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