S&P 500 and Nasdaq futures rise modestly after sharp declines in technology stocks, with focus on AI and earnings.
US equity futures showed modest gains early Wednesday as markets sought stability following a sharp sell-off in technology and semiconductor stocks. S&P 500 futures rose 0.2%, while Nasdaq futures advanced 0.5%, though Dow Jones futures slipped 0.16%. The rebound follows stronger-than-expected business activity data and declining crude oil prices, easing investor concerns over geopolitical tensions.
The sell-off in tech stocks had weighed on sentiment, but attention is shifting to upcoming earnings, particularly from Micron Technology (NASDAQ:MU). As a key player in AI infrastructure, Micron’s results are expected to provide insight into demand trends in the artificial intelligence sector. Futures movements suggest cautious optimism as investors await further corporate updates.
Oil prices continued to retreat, approaching pre-US-Iran tension levels, while major index reshuffles added to market dynamics. The focus remains on whether AI-driven growth can offset broader economic uncertainties.