Stock futures are mixed amid banking fears and drug pricing concerns, with the Dow slightly up and major stocks like Eli Lilly and Novo Nordisk falling sharply after Trump comments on drug prices. Regional banks are also under pressure due to bad loan disclosures, but some stocks are bouncing back. Key earnings reports and market movements are highlighted, reflecting ongoing volatility and investor caution.
Global chip stocks, including ASML, Nvidia, and TSMC, fell sharply due to reports of potential tighter U.S. export restrictions and geopolitical tensions exacerbated by comments from former President Donald Trump. The Biden administration is considering a crackdown on companies exporting chipmaking equipment to China, which could significantly impact firms like ASML that have substantial sales in China. Trump's remarks about Taiwan and U.S. defense commitments further added to the negative sentiment in the semiconductor market.
