Stock futures today: Live updates
Stock futures fell on Monday as investors reacted to concerns over AI development safety and rising oil prices. Major tech companies saw declines following calls from industry leaders to slow down AI innovation.
Why it matters
Market volatility driven by AI safety concerns and geopolitical tensions in the Middle East highlights the fragility of current economic growth.
Stock futures fell early Monday as investors monitored a major shakeup in the pipeline for artificial intelligence initial public offerings amid growing safety concerns, along with the latest oil moves.
S&P 500 futures lost 0.8% as of 5:37 a.m. ET, while Nasdaq-100 futures tumbled 1.81%. Dow Jones Industrial Average futures fell 0.27%.
In Europe, bourses traded mostly lower, with the pan-European Stoxx 600 index down by around 0.3%. Energy stocks were a bright spot, with the UK's FTSE 100 trading 0.5% higher, helped by oil majors BP and Shell .
In Asia, Japan's Nikkei 225 closed 0.81% lower, while South Korea's Kospi fell 3.26%. Australia's benchmark S&P/ASX 200 inched 0.10% higher. Mainland China's CSI 300 closed 0.67% lower at 4,480.08.
Global AI-related stocks fell after Anthropic CEO Dario Amodei called for a slowdown of the development of AI capabilities, with other major tech figures backing the proposal.
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