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 lines.

Yahoo Finance trending tickers include GameStop (GME), Rubrik (RBRK), and Arm Holdings (ARM).

Key guests include:

9:10 a.m. ET - Scott Chronert, Citigroup Head of U.S. Equity Strategy
9:30 a.m. ET - Kenny Polcari, Slatestone Wealth Chief Market Strategist
10:45 a.m. ET - Tobin Marcus, Wolfe Research Head of US Policy and Politics
11:15 a.m. ET - Bridget Carey, CNET Editor at Large