US stocks (^DJI, ^IXIC, ^GSPC) are hoping to rebound further from last week's volatile trading. Takeaways: Apple (AAPL) faces a major setback as the European Union’s top court ordered the tech giant to pay nearly 13 billion euros ($14 billion) in back taxes to Ireland. This ruling comes just hours after Apple's launch of its new iPhone 16 lineup. Meanwhile, Oracle (ORCL) shares are higher after reporting first quarter earnings that topped investor expectations on both the top and bottom line. Citigroup head of US equity strategy Scott Chronert shares his market insights as the tech-heavy S&P 500 may be moving away from Nvidia's (NVDA) influence as a leader in the AI chip trade. Don’t miss an episode of Yahoo Finance's Yahoo Finance Morning Brief. Subscribe wherever you listen to your podcasts. Connect With Us: We love hearing from our listeners! Write a review and let us know what you think about the show. Send your thoughts and questions to [email protected]. Yahoo Finance's Morning Brief is hosted by Seana Smith and Brad Smith. Learn more about your ad choices. Visit megaphone.fm/adchoices