As investors prepare for a significant earnings week, stock futures dropped early on Monday.
S&P futures fell 1.8%, while futures linked to the Dow Jones Industrial Average down 510 points, or 1.14%.
Amid a global drop in technology shares, Nasdaq 100 futures fell 2.9% due to worries about competition from DeepSeek, a Chinese artificial intelligence business.
With four of the seven ‘Magnificent 7’ firms scheduled to release quarterly profits in the next few days, this week is a key one for traders hoping for more clarity on the condition of the bull market.
Apple will make its results public on Thursday, while Microsoft, Tesla, and Meta Platforms will all report on Wednesday.
Source (CNBC)
