Live Nasdaq Composite: Markets Face Inflation, Lofty Oil and Slower Economic Growth

"The markets are showing resilience in the face of rising oil prices and ongoing unrest in the Middle East. All three major U.S. stock averages pushed into the green during pre-market trading as a slate of closely watched economic data crossed the wires. WTI crude is hovering near $94 a barrel while Brent is once again knocking on the door of $100 oil."

"The credit markets are also drawing attention, with investors closely watching corporate bond spreads and Treasury yields for signs of tightening financial conditions as geopolitical risks and higher energy prices ripple through global economy. Among sectors, technology and financial stocks are under pressure out of the gate as banks reassess the credit markets and investors flee the risk-on trade."

"Adobe (Nasdaq: ADBE) is experiencing a C-suite shakeup in which its CEO is stepping down. The stock is down nearly 8% in pre-market trading. Barclays analysts have downgraded the stock from 'overweight' to 'equal weight' in response. Adobe's earnings were strong but its stock has been underperforming."

U.S. stock markets demonstrated strength during pre-market trading with the Dow Jones, Nasdaq Composite, and S&P 500 all posting gains around 0.46-0.49%. Oil prices remain elevated, with WTI crude near $94 per barrel and Brent approaching $100, reflecting ongoing Middle East unrest. Credit markets are under scrutiny as investors monitor corporate bond spreads and Treasury yields for signs of financial tightening. Technology and financial stocks experienced early pressure as banks reassess credit conditions and risk-on trading diminishes. Notable corporate developments include Carvana's stock split announcement, Apple's fee reduction in China, Google Maps' major upgrade, Adobe's CEO departure triggering an 8% pre-market decline and analyst downgrade, Nike's ten-session losing streak, and Amazon's earlier Prime Day scheduling.

Read at 24/7 Wall St.