Dow Jones futures are set to open Sunday evening with investors closely watching the artificial intelligence sector and the upcoming Federal Reserve meeting. Crude oil prices and U.S. Treasury yields are also among the main variables shaping market sentiment.
According to Investor's Business Daily, AI stocks are in focus after artificial intelligence leaders called for slowing AI model development. That message could weigh on sentiment in the technology sector, which has recently been one of the market's main engines.
The stock market fell overall last week, but rebounded on Friday. Against that backdrop, shares of Apple (AAPL), Moderna (MRNA) and NetApp (NTAP) flashed buy signals, suggesting that investor interest in select names remains intact despite broader market uncertainty.
The report also notes that the S&P 500 index remains a key gauge of market sentiment. In the coming days, market direction is likely to hinge on several factors at once, including the outcome of the Fed meeting, moves in the bond market, energy prices and expectations for the AI sector.
