U.S. Futures Slide as Worries over AI and Trump’s Pick to Lead the Federal Reserve

U.S. futures slid on Monday as questions lingered over President Donald Trump’s nominee to be the next Federal Reserve chair and jitters over a possible AI bubble resurfaced.

Futures for the S&P 500 sank 0.7 percent before the bell, while futures for the Dow Jones Industrial Average fell 0.4 percent. Nasdaq futures were off 0.7 percent.

Oil prices tumbled more than 5 percent at one point overnight. Gold and silver, which had been on a tear before plunging on Friday, regained some of those losses but remained well off of recent highs. The price of gold rose 1.3 percent to about $4,800 per ounce, while silver gained 5.9 percent to $83.19.

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