US futures are trading lower this morning amid growing concerns about the AI sector and a lack of major economic data. Global markets are mixed, with Asian and European indices declining as investors await upcoming central bank decisions.
Stocks to Watch
- Broadcom Inc. shares fell sharply despite beating earnings, driven by concerns over AI chip margins.
- Oracle Corporation stock continued its decline after a disappointing earnings report and a significant increase in future capital expenditure forecasts.
- Ford Motor Company is signaling a major shift in strategy, scaling back its electric vehicle plans and forecasting a multi-billion dollar write-down.
- Lennar Corporation is set to report earnings after the market closes today, providing a key update on the housing sector.
Looking ahead, investors will be closely monitoring European and UK PMI data, along with central bank meetings in Europe and Japan later this week for further market direction.