Nasdaq futures gain as investors buy the dip in the AI trade: Live updates
The S&P 500 lost nearly 2% last week, its biggest weekly decline since late June. The Nasdaq fell 4.5%, snapping a four-week winning streak.
TL;DR
- Stock futures edged higher, indicating a potential rebound after a sharp sell-off in AI-related shares.
- Concerns about the growth trajectory of AI companies, particularly CoreWeave, led to significant stock declines and credit market stress.
- Geopolitical tensions in the Persian Gulf and attacks on energy infrastructure in Russia and Ukraine are contributing to market uncertainty and influencing oil prices.
- China's economic growth accelerated to 4.5% in the third quarter, driven by strong foreign demand for technological goods.
- Indonesia's stock market plunged amid fears of a potential reclassification by MSCI, which could lead to foreign investor outflows.
- Major companies like Meta Platforms and Tesla are set to release earnings this week, which could impact market stability.
- Student protests in France over the cost of living have escalated, impacting the euro and European markets.
- Cleanaway Waste Management shares surged on news of a potential acquisition by EQT.