Tech Rebound Alert: U.S. Stock Futures Climb After Market Tumble—Is the Bottom In?
Wall Street's machines whir back to life as futures inch upward—because nothing heals a tech-led bloodbath like algorithmic hopium.
Nasdaq ghosts whisper sweet nothings to traders after yesterday's selloff. Spoiler: They're still overpriced.
Meanwhile, traditional finance bros clutch their pearls. 'Volatility? In MY market?' Grab the popcorn.
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U.S. stocks started the week on a negative note, with major indices closing sharply lower. The Nasdaq, the S&P 500, and the Dow dropped 0.8%, 0.9%, and 1.2%, respectively. Nvidia (NVDA) stock slid nearly 2% ahead of its Q3 earnings report due Wednesday, as investors grow cautious about the AI rally’s sustainability.
Beyond Nvidia, investors are watching for key economic updates this week, including the Fed’s October meeting minutes and the delayed September jobs report, both expected midweek. These could influence expectations for future interest rate cuts.
Earnings from major retailers such as Walmart (WMT), Home Depot (HD), and Target (TGT) are also under close watch. These results will provide some insight into consumer spending as the holiday season approaches.
