Terry Lane
3 min read
In This Article:
U.S. stock futures are pointing slightly lower as investors monitor trade talks and Senate budget negotiations; Tesla (TSLA) shares are falling in premarket trading as the feud between CEO Elon Musk and President Donald Trump escalates again; Apple (AAPL) reportedly could turn to OpenAI or Anthropic for help enhancing its Siri voice-activated service; Oracle (ORCL) shares are hovering near the all-time high set Monday after the software provider reported lucrative new cloud deals; and Amazon's (AMZN) robotic workforce reportedly nears the size of its human staff in its warehouses. Here's what investors need to know today.
U.S. stock futures are pointing slightly lower in premarket trading as investors monitor trade talks and Senate deliberations of budget legislation. S&P 500 and Nasdaq futures are down 0.2% after both indexes posted fresh all-time closing highs yesterday. Dow Jones Industrial Average futures are ticking lower. Bitcoin (BTCUSD) and the 10-year Treasury yield are lower. Oil and gold futures are higher.
Tesla shares are more than 5% lower in premarket trading as the feud between CEO Elon Musk and President Donald Trump heats up again. "Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa," Trump wrote on his Truth Social platform, hours after Musk again criticized the "One Big Beautiful Bill" being debated in the Senate, which includes a provision that would eliminate the $7,500 new EV tax credit. During the initial escalation of the public spat between Musk and Trump on June 5, shares tumbled 14%, erasing more than $150 billion from Tesla's market capitalization.
Apple (AAPL) could turn to ChatGPT maker OpenAI or Anthropic after delays in the launch of its highly anticipated AI-enhanced Siri, according to a Bloomberg report. The iPhone maker has been in talks with both companies about using AI models instead of in-house technology, the report said, after significant delays have raised pressure on Apple to prove it can compete with other tech leaders on AI development. Shares of Apple are 0.6% higher in premarket trading after closing 2% higher yesterday following the report.
Oracle (ORCL) shares are edging higher in premarket trading after closing at an all-time high of $218.63 Monday as CEO Safra Catz touted what she called a "strong start" to fiscal 2026, with several lucrative cloud deals, "including one that is expected to contribute more than $30 billion in annual revenue starting in FY28." Analysts at Stifel reportedly raised their price target for Oracle stock to $250 per share from $180, pointing to Oracle's strong cloud growth.
