markets2 hours ago
Wall Street Opens Week Amid $5T AI Wipeout, Apple Earnings, and Midterm Elections
Stock futures rose slightly Sunday as markets prepare for a volatile week featuring Apple's earnings, US midterm elections, and oil prices above $100. The recent AI-driven selloff erased $5 trillion in market value, but the broader market has remained resilient. Investors are increasingly using put options and credit-default swaps to hedge against potential tech downturns, while Goldman Sachs warns that slowing AI spending may dampen future earnings growth.