U.S. markets are set for a weaker open this morning as futures trade lower across the board. A global risk-off tone prevails, fueled by surging bond yields and crude oil prices topping $110 per barrel.
Stocks to Watch: * Baidu, Inc. reports Q1 earnings pre-market today, with investors watching its AI business growth. * Cisco Systems, Inc. is in focus after surging Friday on record Q3 results and strong AI-related orders. * NVIDIA Corporation declined Friday but has highly anticipated Q1 earnings due on Wednesday. * Applied Materials, Inc. recently posted record Q2 revenue and offered strong Q3 guidance driven by AI demand.
With no major economic data scheduled for release today, traders will be monitoring movements in global bond yields and energy markets for direction.