Investor Sentiment

Bloomberg reports that US equity futures declined as several large technology companies reported quarterly results, with the technology rally driven by earnings expectations beginning to cool. Investor’s Business Daily notes that the market’s reaction to earnings beats has clearly weakened, indicating that expectations supporting the sector’s advance were substantially priced in ahead of the reports.

Major Asian stock indices hit record highs on Monday following Wall Street’s rally, with the Nikkei 225 and KOSPI both breaking records, though Iran tensions remain a key market focus.