US futures climb on tech gains
U.S. stocks declined at the beginning of the month amid volatility in the technology sector following a disappointing earnings report from OpenAI, which showed annual revenues of $50 billion through September, compared to expectations of $68 billion. Despite this decline, futures for the Nasdaq 100 and S&P 500 indexes rose by 0.8% and 0.4%, respectively, supported by gains in technology stocks such as SpaceX, which increased by 4% after a spectrum acquisition deal, as well as Lumentum and KLA, which gained 5% and 2%. The Nasdaq index fell by over 1%, recording its largest daily loss since mid-August, after declines in AI companies and a drop in investor confidence in OpenAI's earnings.
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