Analyst: US stocks are expected to rebound slightly after a challenging few days.
Investinglive analyst Justin Low said that as of now, the trend of the US stock index futures is mixed. Yesterday, Wall Street tech stocks suffered a heavy setback, a situation that continues even after Amazon released 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, US stock index futures rebounded after falling in the Asian session, with Microsoft's stock price rising by 1.6% pre-market and Palantir's stock price rising by over 5% pre-market. These two stocks experienced heavy declines in yesterday's trading and for most of this week. However, the latest rebound only brought slight relief, as the S&P 500 index slightly fell yesterday, attempting to test the 100-day moving average. The last time it reached this key level was in November last year, when buyers at the low had the upper hand. However, if using the Nasdaq index as a reference, tech stocks could fall again this week, confirming a break below the 100-day moving average - if so, this will certainly affect the S&P 500 index and may even impact broader risk sentiment on Wall Street.
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