Wall Street opened mixed Thursday as U.S. President Donald Trump imposed sweeping sanctions on Russia’s top energy firms, Rosneft and Lukoil, to pressure Putin amid the Ukraine conflict. S&P 500 and Nasdaq futures rose slightly, while the Dow slipped 0.1%.
Oil prices surged over 5%, with U.S. crude hitting $61.63 and Brent at $65.72 per barrel. European leaders prepared additional sanctions and plans to use frozen Russian assets to support Ukraine.
Corporate earnings pressured markets: Tesla fell 3.2% on a 37% profit drop, IBM slipped 6.8% after slower cloud growth, and Molina Healthcare plunged over 20% after missing forecasts.
Global markets were mixed: Germany’s DAX down 0.3%, FTSE 100 up 0.6%, Nikkei 225 down 1.4%, and China’s Hang Seng rose 0.7%. Gold rebounded 1.6% to $4,131.80.
-20251022062240.jpg)
