Tech stocks rebound slightly after Tuesday’s selloff, but individual equities face downward pressure ahead of Micron’s quarterly results.
Several stocks opened lower in premarket trading Wednesday, contrasting with mixed performance in stock index futures. Tech sector futures showed signs of recovery following a broad selloff the prior session, while investors awaited Micron’s earnings report after market close.
The gap-down moves follow a volatile session on Tuesday, where major indices closed lower amid concerns over valuation and macroeconomic uncertainty. Micron’s results are expected to provide insight into demand trends in the semiconductor industry, a key driver for tech stocks.
Stock index futures pointed to a cautious open, with Nasdaq futures slightly higher while S&P 500 and Dow futures remained flat to negative.