Stock futures are declining following a rough trading day for major indices. Apple is set to unveil its first foldable iPhone during its annual product event, which could reshape its competitive stance against Samsung and other manufacturers. Bank of America remains optimistic about Apple's stock, maintaining a buy rating ahead of this launch.
Meanwhile, Brent crude prices have surpassed $100 per barrel for the first time since July, driven by escalating tensions in the Iran conflict, which has raised concerns about inflation and market stability. The U.S. government has also imposed new import bans on certain Canadian goods, coinciding with Canada's retaliatory tariffs, further complicating trade relations.
In tech, Meta has introduced its personal agent app, Muse, amidst scrutiny over its privacy practices and pressure to deliver returns on AI investments. Additionally, former President Trump's oil investments have reportedly gained significantly due to the ongoing conflict, highlighting the intersection of politics and market movements