March S&P 500 E-Mini futures (ESH26) are down -0.40%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.85% this morning, pointing to a lower open on Wall Street after the long weekend as concerns around AI continue to weigh on sentiment.
Investors remain concerned about companies’ swelling AI budgets as well as the technology’s potential to disrupt industries beyond the tech sector. There is “lingering anxiety about whether AI spending will be profitable enough, concerns about competition, and a broader de-risking from the most crowded trades after a very strong run,” according to Aneeka Gupta at WisdomTree.
