Overview
- S&P 500 and Nasdaq futures edged up roughly 0.1% to 0.2% after a rebound from this week’s tech-led slump, with Dow futures little changed.
- Concerns about overstretched AI-driven valuations persist despite a bounce in some AI-linked names and mixed reactions to chipmaker results.
- Tesla shareholders vote this afternoon on Elon Musk’s proposed trillion-dollar compensation package, with a preliminary tally expected after the meeting.
- The FAA will cut flights by 10% at 40 major U.S. airports starting Friday because of shutdown-related staffing strains, and airline shares slipped on the news.
- Earnings movers: Snap jumped on a revenue beat and a Perplexity deal that will pay Snap $400 million starting in 2026; DoorDash fell on a miss and weak outlook; Duolingo tumbled on soft guidance; Arm rose as Qualcomm dipped.