Lates News

Investinglive analyst Justin Low stated that as of now, the trend of the US stock index futures is mixed. The heavy losses suffered by Wall Street tech stocks yesterday continued even after Amazon announced its financial report. Large US tech companies are still trying to prove that their increased spending on AI infrastructure is justified, but investors are gradually shifting towards a "show me the actual results" mentality. It is worth noting that today, after a decline in Asian markets, US stock index futures rebounded slightly, and Microsoft's pre-market stock price briefly rose by 1.6%. Palantir's pre-market stock price increase exceeded 5% at one point. These two stocks experienced heavy losses in yesterday's trading and for most of the week. However, the recent rebound only brought some relief as the S&P 500 index slightly declined yesterday while attempting to test the 100-day moving average. The last time it reached this key level was in November last year, when buyers who bought on dips had the upper hand. But if we take the Nasdaq index as a reference, tech stocks this week may fall again, confirming a breach of the 100-day moving averagewhich will likely affect the S&P 500 index and possibly impact broader risk sentiment on Wall Street.