Concerns surrounding AI spending are impacting markets, as major tech players like Meta, Microsoft, and Tesla ramp up investments in the technology. Investors are closely watching Apple after the market close. This comes amid broader discussions about the sustainability of these expenditures and their potential impact on profitability in the near term.

Blackstone reported a surprising profit increase, with Jon Gray suggesting dealmaking momentum is accelerating. This positive news offers a counterpoint to the AI spending narrative. The market is currently trying to assess the balance between the growth opportunities presented by AI and the costs associated with its development and deployment.

Interviews with key executives from International Paper, Nasdaq, and ServiceNow will provide further insights into the broader economic outlook. The focus will be on how different sectors are navigating the current environment. Investors are keen to understand how companies are managing their strategies in the face of evolving market dynamics.

Looking ahead, the market will likely remain sensitive to announcements from major tech companies about their AI strategies. Any indications of a slowdown in spending or a shift in focus could trigger a market reaction. The focus will remain on the long-term viability of AI investments.