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Stocks Rise Before Apple's Results

Stocks Rise Before Apple's Results

Asian stocks rebounded on Monday as investors awaited Apple’s results, hoping they would ease concerns about massive spending on artificial intelligence. S&P 500 and Nasdaq futures rose 0.5% and 0.9%, respectively. Oil prices fell, with Brent crude down 3.3% to $109.70 a barrel and U.S. crude down 3.4% to $100.58, as talks mediated by Iran and Qatar continued. Analysts expect Apple to report earnings per share of $2 and revenue of $113 billion, while concerns about capital spending on AI continue to weigh on technology stocks.

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