The NATO summit began in Ankara, Turkey, on Tuesday, with European defense spending and security top of the agenda. Leaders will discuss how to meet increased spending targets pushed for by President Donald Trump.
Defense Spending
NATO Secretary General Mark Rutte said European countries have made significant increases in defense spending due to fears of Russia and President Trump’s encouragement.
Meanwhile, in the US, chip stocks staged a comeback on Monday but momentum stalled on Tuesday as concerns about the durability of the AI chip frenzy weighed on shares in Asia trading.
US Markets
Nasdaq futures were down more than 1% before the bell on Tuesday, following the pullback in Asian tech stocks. The pullback could indicate that much of the upside from soaring chip demand is already priced in.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
