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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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