Dow Jones futures open Sunday after S&P 500, Nasdaq break support; Meta earnings test AI sector

Dow futures open Sunday evening after a week in which the S&P 500 and Nasdaq broke below their 50-day moving averages and the Russell 2000 fell under its 200-day line. AI stocks led the selloff: CoreWeave dropped 25%, Dell 23%, Micron nearly 15%. Software leaders CrowdStrike, Palo Alto Networks, Cloudflare, and Snowflake each lost 17-18%. The 10-year Treasury yield fell nearly 15 basis points to 5.1% as AI financing fears outweighed hot inflation and surging oil. U.S. crude jumped 10.4% to $101.41 a barrel. Defensive sectors — consumer, medical, insurance — held up relatively well. Meta Platforms, Tesla, and SpaceX earnings are due this week. Meta's capital spending guidance is a key test for the AI sector. Tesla-SpaceX merger speculation is increasing. Investors are advised to cut exposure and stack cash.