U.S. Stock Futures Recover Modestly After Tech-Led Selloff
U.S. stock futures edged higher Thursday evening, signaling a tentative rebound following a tech-driven market decline. Nasdaq 100, Dow Jones, and S&P 500 futures ROSE 0.14%, 0.13%, and 0.15% respectively after major indices closed sharply lower earlier in the day.
The Nasdaq Composite led losses with a 1.9% drop, while the S&P 500 and Dow Jones fell 1.1% and 0.8%. Weekly performances show broader weakness, with the S&P 500 down 1.8%, Dow 1.4%, and Nasdaq 2.8% as investors question stretched valuations in AI-related stocks.
All eyes now turn to the University of Michigan Consumer Sentiment Index due Friday morning, a key gauge of economic confidence that could set the tone for near-term market direction.