Futures ease as AI IPO hopes fade, oil climbs ahead of Fed decision
TL;DR Summary
Stock futures fell Sunday night as AI IPO optimism waned after OpenAI said it won’t go public this year and Anthropic urged slower AI development amid safety concerns; oil rose more than 2% following Saudi Arabia’s pipeline shutdown, pressuring markets ahead of a Fed policy meeting where a rate hike is seen as likely. Last week saw declines for the Dow, S&P 500, and Nasdaq, with lawmakers weighing stronger AI safeguards amid the AI debate.
- Stock futures fall as investors weigh AI safety concerns, oil gains: Live updates CNBC
- US Stock Futures Fall on AI Warning, Oil Gains: Markets Wrap Bloomberg.com
- S&P 500 falls as AI worries hit software makers Reuters
- S&P 500 Weekly Review: Benchmark Slips 0.8% to 7,657 as Health Care and Materials Weigh on Wall Street BBN Times
- Market Wrap: Energy Strength Offsets Tech Drag as S&P 500 Slips to 7,785.76 - Trading Volume Trends dars.gov.et
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