US stock futures rise as AI stocks catch their breath; midterms in focus
US stock index futures were higher on Monday as technology and AI-related stocks steadied after a dismal October, with investors turning their attention to the midterm elections and another busy week of earnings.
The tech-heavy Nasdaq-100 shed over $2.5 trillion in market value last month and was on the brink of entering correction territory, as investors grew wary of Big Tech’s soaring AI spending while awaiting evidence of stronger returns.
