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U.S. equity futures moved higher in early Monday trading, helped by a pullback in the dollar and steady Treasury bond yields, as investors looked to claw back some of last week's sharp declines heading into a key week for tech stocks on Wall Street.
Updated at 9:12 AM EST
Apple deal
Apple (AAPL) shares edged lower in early trading after the tech giant unveiled plans to spend $500 billion in U.S. investments over the next four years.
The plans, which include construction of a 250,000-square-foot data center in Houston, were described by CEO Tim Cook as a "bullish" outlook on tech investments in the United States and come just days after a meeting in the Whit House with President Donald Trump.
Apple shares were marked 0.9% lower in premarket trading to indicate an opening bell price of $243.49 each.
Related: Top analyst weighs in on Apple's massive U.S. spending surprise
Stock Market Today
The Nasdaq ended 2.5% lower on Friday, extending its worst week of decline in three months, amid a broader market selloff that erased all the S&P 500's February gains and lopped nearly 750 points from the Dow Jones Industrial Average.
Markets were spooked by a disappointing reading of services-sector activity, the economy's key growth driver, from S&P Global's PMI report, as well as by a big jump in inflation expectations from the University of Michigan's benchmark consumer survey.
Both concerns will be front-and-center again this week when the Commerce Department publishes its second estimate of fourth-quarter GDP on Thursday and the Bureau of Economic Analysis follows with its PCE price index data, the Federal Reserve's preferred inflation gauge, on Friday.
The readings will also follow the market's key February focus after the close of trading on Wednesday, when AI-chip maker Nvidia (NVDA) reports fourth quarter results and updates investors on its near-term outlook.
The group's guidance on AI demand will be crucial for market sentiment following the emergence of China-based DeepSeek's AI chatbot. The company behind it says it was created at a fraction of the cost that its rivals are planning: the hundreds of billions in planned AI spending by hyperscalers such as Microsoft (MSFT) , Amazon (AMZN) , Meta Platforms (META) and Google parent Alphabet (GOOGL) .
Nvidia's updates will effectively close out the fourth quarter earnings season, which has topped most Wall Street forecasts and delivered year-on-year profit growth of around 15.7%.