U.S. stock futures are trading lower in the pre-market session, driven by investor concerns over the high cost of AI investments and uncertainty about future Federal Reserve policy.
Stocks to Watch * Microsoft Corporation: Tumbled 10% despite beating earnings, as investors focused on AI spending and Azure cloud growth concerns. * Meta Platforms, Inc.: Surged 10.4% after exceeding profit expectations, driven by strong performance and continued massive investments in AI. * Apple Inc.: Rose about 1% in extended trading after reporting revenue and profit that exceeded estimates, fueled by soaring iPhone sales. * Exxon Mobil Corporation: Scheduled to report earnings pre-market today, potentially influencing the broader energy sector. * Sandisk and Deckers Outdoor Corporation: Noted for leading declines among S&P 500 futures in pre-market trading.
Looking ahead, investors will be closely watching the upcoming U.S. producer prices report for further insight into the inflation trend.