U.S. equity futures moved higher early Monday, with investors returning selectively after a sharp pullback in artificial intelligence-related shares last week. The rebound came as markets weighed renewed scrutiny of AI growth, rising energy risks and a heavy week of corporate earnings.
At 4:30 p.m. (Bangkok Time), Nasdaq 100 futures advanced 1.08%, leading the move higher. Futures tied to the Dow Jones Industrial Average rose 0.04%, while S&P 500 futures increased 0.5%.
The recovery followed a week in which enthusiasm around the AI trade came under pressure. CNBC, citing sources, reported that Anthropic generated third quarter revenue of $16.8 billion, compared with $11.6 billion in the prior quarter. Although revenue increased, the figures prompted questions among investors about whether growth tied to AI infrastructure spending is accelerating fast enough.
CoreWeave became a focal point of the market’s concerns. The neocloud company, which relies heavily on debt financing to build data centers that are leased to technology customers, dropped 25% last week. That marked its steepest weekly decline since November 2025. In credit markets, investors have also become more cautious toward the company, with CoreWeave’s credit default swaps moving to distressed levels.
Earnings are set to keep AI-related valuations under examination. More than 70 companies in the S&P 500 are scheduled to report results this week, including Magnificent Seven members Tesla and Meta.
Brent crude slipped 1.55% on Monday after rising on Friday, while U.S. West Texas Intermediate crude fell 0.61% to $100.79. Oil remaining above $100 a barrel has added to inflation worries and made the interest rate outlook more difficult to assess.
Energy markets continue to be a source of concern for traders. Ship attacks in the Persian Gulf have increased, while Ukraine and Russia continued to target energy assets. On Sunday, Ukraine struck an oil terminal in St. Petersburg, Russia. Longer-dated oil contracts have climbed as traders price in the possibility that disruptions to energy infrastructure could persist into 2027.
Treasuries, which had drawn demand during the tech selloff, weakened Friday as oil prices moved higher. Brent’s late-week rise reflected doubts over U.S. President Donald Trump’s agreement to release more Russian diesel into global markets, alongside supply disruptions from the Strait of Hormuz to the Black Sea.
Geopolitical tensions also remained elevated as U.S.-Ukraine relations worsened. Ukrainian President Volodymyr Zelenskyy said Trump was seeking to push Kyiv toward capitulation to Russia, extending a dispute between the two leaders.
