(Reuters) – U.S. stock index futures rose Wednesday, rebounding from sharp losses in previous sessions.
At 05:36 AM ET, the Dow E Minis rose 101 points, 0.23%, the S&P 500 E-MINIS increased 27.75 points (0.46%) and the NASDAQ 100 E-MINIS increased 163.5 points (0.77%).
Investors have had the advantage since last week as a series of data releases that include Tuesday’s weak consumer sentiment print.
The benchmark S&P 500 and NASDAQ recorded the largest four-day decline since September, primarily due to weakening of tech inventory, mainly as analysts suggest industry overpower and artificial intelligence overexpenditure I did.
AI Bellwether Nvidia’s quarterly results and forecasts were predicted after the market approached, and the tone on Wall Street a month after China’s Deepseek low-cost AI model rattles the industry in January. You may set it.
The stock won 2.6% in pre-market trading, while Peers Broadcom and Advanced Micro Devices added 2.3% and 1.5%, respectively.
Megacaps, such as Amazon.com and Alphabet, each rose 0.9%, while Tesla rose 1.8%, a day after the electric car manufacturer’s market value fell below $1 trillion.
“Investors are so used to seeing impressive results that risk factors can reverse optimism from strong results,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. It’s there.
“In addition to the fact that the market environment is not ideal these days, Nvidia has the heavy job of lifting the market mood this week. If not, stock selling could accelerate despite a decline in yields It’s sexual.”
On the fiscal front, President Donald Trump’s $4.5 trillion tax cuts and border security agenda will be sent to the US Senate after passing the Republican-controlled House of Representatives.
Hopes that Trump’s 2017 tax cuts will be extended at least was one of the biggest boosts to investor sentiment after winning his election.
However, given the broader economic uncertainty, futures tracking the domestic-focused Russell 2000 index rose 0.2%, while financial debt yields recovered part of Tuesday’s decline .
According to data compiled by LSEG, traders hope that the Fed will offer its first interest rate cut in July. Comments from policymakers Thomas Birkin and Rafael Bostic are likely to repeat the central bank’s cautious attitude later that day.
