Stock futures are lower this morning following President Trump's warning to Iran, which has raised concerns about potential conflict and led to a surge in oil prices. This situation could negatively impact the stock market, as Trump's comments have historically influenced significant market movements.
Meanwhile, Delta Air Lines shares rose over 2% after Berkshire Hathaway disclosed a $2.6 billion investment in the airline, marking a significant shift since Berkshire exited the airline sector in 2020. Lululemon is facing challenges from activist founder Chip Wilson, who the company claims has outdated views that could hinder its recovery strategy.
Meta is expected to lay off about 10% of its workforce, reflecting ongoing job cuts in the tech sector, which have not been rewarded by the market despite the focus on AI. Lastly, Spirit Airlines' grounded planes are being stored in the Arizona desert, a common practice for retired aircraft.
This week, investors will also be watching earnings reports from major retailers like Home Depot and Walmart, which could provide insights into consumer spending trends