AM Markets Need to Know: Apple's new CEO, Musk boosts SpaceX stake, and more

Stock futures opened lower as retail investors begin redeploying cash into equities after a period of war-related caution. Headline news: Apple named longtime hardware chief John Ternus as CEO, a leadership transition that signals continuity but will be watched for any strategic shifts that could affect AAPL.OQ. Separately, Elon Musk bought roughly $1.4 billion of additional SpaceX shares, signaling confidence in the company's valuation and IPO prospects. The S&P 500 was modestly lower (7,109.14, -0.24%), but analysts note returning retail participation could help sustain the next phase of the rally. Overall market impact is mixed: leadership continuity at Apple likely tempers near-term downside for AAPL, retail inflows are a potential bullish catalyst for indices, while futures weakness keeps near-term risk visible.