- Alphabet beat on cloud growth but its stock slipped after warning of massive AI-linked capex and rising cash burn, while chip names rallied (with some mixed results like STMicro).
- Oil surged toward $100 as Red Sea attacks linked to the Iran conflict disrupt shipping, stoking inflation and pushing bond yields higher.
- Market eyes key events today: ECB rate decision, Intel earnings, and U.S. jobless claims — any could move markets.
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