Markets recover after Friday's tech rout

Nasdaq futures were up strongly before the open in New York on Monday, suggesting traders believe last week's selloff was overcooked. S&P 500 futures were up zero point four seven percent.

“Things are looking a lot cheerier than they were at the close on Friday.”

Global markets mixed as oil surges

Stocks struggled globally as oil rose to one hundred eight dollars per barrel. Asia was mixed, while European markets declined. The Stoxx six hundred was down zero point seven eight percent.

Bond yields ease from crisis-level spike

The yield on the benchmark ten-year Treasury was five point zero eight percent Monday morning, down from its recent peak of five point three percent.

AI companies face doubled borrowing costs

The weighted average cost of capital for hyperscalers is now ten percent, up from four percent in twenty twenty-three, according to Bank of America's Savita Subramanian.

“The [weighted average cost of capital] for hyperscalers is now 10%, up from 4% in 2023”

Capital spending wave may shift next year

Subramanian forecasts the capital expenditures wave has further to run, but there might be a marked shift in trend next year if yields do not decrease.

“there might be a "marked shift in trend" next year if yields don't decrease”