Stocks set to bounce, as Apple absorbs Epic disappointment

U.S. stock markets are set to rebound from last week’s losses at the open later, buoyed by the decline in Covid-19 cases across the country last week (even though deaths – a lagging indicator – are still close to record high in some regions).

By 6:15 AM ET (1015 GMT), Dow Jones futures were up 182 points, or 0.5%, while S&P 500 futures and Nasdaq 100 futures were up in parallel.

Stocks likely to be in focus later include Apple (NASDAQ:AAPL), in the wake of a landmark ruling against the company in favor of Fortnite publisher Epic Games on Friday that threatens to hit the earning power of its app store. Epic said on Sunday it will appeal the court ruling, which it said didn’t go far enough in recognizing Apple’s alleged abuse of its dominant position.  

Oracle is the only company of note reporting, and that’s after the closing bell.