Analyst: U.S. stocks are expected to rebound slightly after a difficult few days

Odaily Planet Daily News: Investinglive analyst Justin Low stated that so far, U.S. stock index futures are mixed. Yesterday, Wall Street tech stocks suffered a heavy decline, and this trend continued even after Amazon announced its earnings report. Major U.S. tech companies are still trying to justify their increased spending on AI infrastructure, but investors are gradually shifting to a “wait and see” attitude with tangible results. Notably, today’s U.S. stock index futures rebounded after an initial drop during the Asian session, with Microsoft stock rising by as much as 1.6% in pre-market trading, and Palantir’s stock price surging over 5% pre-market. Both stocks experienced significant declines in yesterday’s trading and for most of this week. However, this latest rebound only offers slight relief, as the S&P 500 index dipped slightly yesterday, attempting to test the 100-day moving average. The last time it reached this critical level was in November last year, when dip buyers dominated. But if the Nasdaq index is any indication, tech stocks may decline again this week, confirming a break below the 100-day moving average—if that happens, it will likely impact the S&P 500 and could even influence broader risk sentiment on Wall Street. (Jin10)