Asian Markets: Nikkei and Kospi lead tech rebound following Anthropic IPO filing
U.S. stock index futures experienced a slight uptick on Monday evening, with technology stocks benefiting from Anthropic's recent filing for an initial public offering. As the tech sector continues to struggle, investors remain focused on major tech earnings and a Federal Reserve meeting scheduled later in the week. The S&P 500 Futures increased by 0.05% to 29,495.25 points by 19:33 ET (23:33 GMT), while the Nasdaq 100 Futures rose by 0.21% to 29,498.50 points. Conversely, the Dow Jones Futures fell by 0.03% to 52,533.0 points.
The tech rally was further fueled by Anthropic's IPO filing earlier in the day. Despite the positive news, the company's net loss in the first half of 2026 nearly quintupled to approximately $80.7 billion, with revenue reaching around $16.3 billion. Anthropic, which plans to trade under the ticker ANT, is reportedly valued at around $1.5 trillion, a significant drop from earlier projections of $2 trillion.
The IPO filing also highlights the growing scrutiny on AI-related stocks as investors question whether the heavy debt spending in the sector will yield sufficient returns.
This week's focus will be on a series of major tech earnings reports, including Alphabet Inc (NASDAQ:GOOGL) and Microsoft Corporation (NASDAQ:MSFT) on Wednesday, followed by Amazon.com Inc (NASDAQ:AMZN) on Thursday. Other notable earnings include Seagate Technology PLC (NASDAQ:STX) on Tuesday, Boeing Co (NYSE:BA) and copper giant Freeport-McMoRan Inc (NYSE:FCX) on the same day.
The Federal Reserve is set to begin a two-day meeting on Tuesday, with a widely anticipated decision on whether to maintain or raise interest rates. Fed Chair Kevin Warsh's comments during the meeting will be closely monitored for any indications of further rate hikes, as the central bank is expected to wait and see the effects of a 25 basis point rate increase in September.
Investors will also be watching for additional data releases, including third-quarter GDP and PCE price index data, both due on Thursday.
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