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Dow, S&P 500, Nasdaq Slip as AI Safety Concerns and US-Iran Tensions Resurface
US stock futures turned lower on Monday as US-Iran tensions resurfaced and concerns around AI safety intensified ahead of a busy week of economic data.
Futures tied to the Dow Jones Industrial Average fell 0.3%, S&P 500 futures dropped 0.4%, and Nasdaq-100 futures declined 0.9% after the major indexes posted gains last week.
Markets were unsettled after President Trump rejected Tehran’s proposal to reopen the Strait of Hormuz and end the war. With officials returning to the negotiating table, Trump said talks would resume this week. Brent crude, the international oil benchmark, rose to around $98 per barrel.
Akamai Stock Surges After $12 Billion Anthropic Deal
Akamai Technologies’ stock jumped in pre-market trading on Friday after the company agreed to provide cloud-computing services to Anthropic in a deal valued at $12 billion.
Under the agreement, Anthropic will pay $11.6 billion over seven years to use CPU capacity from Akamai Cloud’s distributed AI infrastructure and software. The companies also have the option to expand the agreement by an additional $9 billion in revenue.
As part of the deal, Anthropic will receive warrants allowing it to purchase up to 5% of Akamai’s outstanding shares at an exercise price of $111.33.
US 30-Year Yield Hits Highest Since 2004 as Bond Selloff Deepens
Yields on the US government’s longest-dated bonds climbed to their highest level in more than two decades, marking another milestone in an extended bond selloff driven by inflation and fiscal concerns.
The yield on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, its highest level since 2004, after Brent crude oil prices jumped. The move follows a broader surge this week that pushed Treasury yields across maturities to around their highest levels since 2007.
“People are running out of superlatives for the yield on the 30-year bond,” said Ed Al-Hussainy, a portfolio manager at Columbia Threadneedle. “Investors are saying, ‘Look, if we’re going to lock up our money for 30 years, we need much higher compensation.’”
Dow, S&P 500, Nasdaq Futures Muted As Oil Falls, Markets Eye Looming Trump-Xi Meeting
US stock futures were little changed on Wednesday morning as investors monitored US diplomatic developments with China and Iran, alongside the recent rally in tech stocks.
Futures on the Dow Jones Industrial Average (YM=F), S&P 500 (ES=F), and Nasdaq-100 (NQ=F) hovered near the flat line after the Nasdaq Composite posted back-to-back record highs.
President Trump is expected to greet Chinese President Xi Jinping at Joint Base Andrews, beginning Xi's first visit to Washington, D.C., in 11 years. While major policy breakthroughs are not expected, discussions are set to cover trade, Iran, rare earths, and artificial intelligence.
Nasdaq, Dow and S&P 500 Little Changed as AI Trade Powers Market
US stock futures steadied on Tuesday after confidence in artificial intelligence and falling oil prices spurred a rally on Wall Street.
Futures on the Nasdaq-100 (NQ=F) edged higher after the tech-heavy Nasdaq Composite touched a record high the day before. S&P 500 futures (ES=F) were little changed, while Dow Jones Industrial Average futures (YM=F) moved higher.
Stocks kicked off the week with strong gains as US and Chinese officials wrapped up talks ahead of a meeting between President Trump and Chinese leader Xi Jinping. Treasury Secretary Scott Bessent called the preliminary talks "very successful," lifting hopes of cooperation on artificial intelligence.
U.S.-Listed Greenland Stocks Surge After Trump Announces Security Deal With Denmark
Shares of U.S.-listed companies exposed to Greenland surged on Monday after the U.S. and Denmark reached a deal on security arrangements for the Arctic territory.
Shares of Greenland Energy soared more than 154% during premarket trading, with Greenland Mines up more than 70% and Critical Metals Corp nearly 27% higher.
The agreement, which is expected to be signed during the United Nations General Assembly this week, will see the U.S., Denmark, and Greenland enter into a pact to develop a significant military presence in the territory while blocking Washington’s adversaries from building their own bases there.