Stock futures are lower this morning after a positive week for major indexes, with the tech sector leading gains in August. The G20 meetings are set to address U.S. tariffs and sanctions, particularly in light of renewed tensions with Iran, which have caused oil prices to rise over 3%.
The U.S. has recently engaged in military strikes against Iranian targets, marking a significant escalation in their conflict. Additionally, there is growing concern among Americans regarding the impact of artificial intelligence and social media, as evidenced by a Pew Research report indicating increased apprehension about AI.
The economic recovery's characterization is also under scrutiny, with discussions around its shape reflecting rising wealth inequality. Key earnings reports from companies like Palo Alto Networks and Dell Technologies are expected this week, alongside important labor market data