Global markets are trading lower this morning amid a risk-off sentiment driven by rising geopolitical tensions in the Middle East, which has pushed oil prices sharply higher. U.S. stock futures indicate a significant drop at the open, following sell-offs in Asian and European markets.
Stocks to Watch: * Lam Research Corporation saw its stock decline nearly 8% in early trading. * Spotify Technology S.A. shares gained 5% in pre-market activity. * Tesla, Inc. fell over 3% as its automotive revenue declined and the company cut its capital expenditure guidance. * Lockheed Martin Corporation stock rose 3% amid the heightened geopolitical tensions.
Looking ahead, investors will be monitoring key economic data releases, including weekly jobless claims at 8:30 AM ET and the leading economic index at 10:00 AM ET.