Tech Wreck Rebound: U.S. Stock Futures Edge Higher After Brutal Selloff
Wall Street's machines whir back to life as futures claw back ground.
Dead cat bounce or genuine recovery? Traders eye tech bloodbath aftermath.
Nasdaq's nightmare session leaves scars—but dip buyers can't resist bargain hunting.
Meanwhile in crypto-land: Bitcoin hodlers smirk at 'traditional market turbulence.'
Closing thought: Maybe A.I. trading algos need an emotional support hamster.
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Major indices closed Thursday in the red, with the Nasdaq Composite, the S&P 500, and the Dow Jones down 1.9%, 1.1%, and 0.8%, respectively. For the week, the S&P 500 is down 1.8%, the Dow 1.4%, and the Nasdaq 2.8%, as investors grow wary of high AI valuations and a concentrated market.
Among the key economic reports due tomorrow, the University of Michigan Consumer Sentiment Index for November will be released at 10:00 a.m. EST. This is a key indicator of consumer confidence and is expected to be a major focus for the market.
