S&P 500 Futures Flat Amid Apple Earnings Disappointment and Midterm Election Uncertainty
U.S. stock futures remained largely unchanged on Monday night as investors processed disappointing revenue guidance from Apple (AAPL), which fell 3% in extended trading after projecting growth below analyst expectations. The broader market continues to see a rotation out of technology stocks, following recent declines in the Nasdaq Composite. Market participants are also bracing for the U.S. midterm elections. Analysts at JPMorgan suggest that a Democratic sweep of Congress could trigger volatility in artificial intelligence stocks due to potential shifts in oversight and regulation. While election-related anxiety is present, strategists note that markets often experience relief once the political outcome is finalized. Looking ahead to Tuesday, investors are monitoring a heavy corporate earnings calendar featuring Pfizer (PFE), Shopify (SHOP), and Advanced Micro Devices (AMD). On the economic front, upcoming data includes the Job Openings and Labor Turnover Survey (JOLTS) and factory orders.
Tickers: $AAPL $AMD $ETN $JPM $LITE $MPC $MRVL $ORCL $PFE $SHOP $SMCI
Topics: Apple earnings guidance Marvell Technology acquisition of Lumentum Oracle stock offering Tech sector rotation US Midterm Elections impact
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