Analysts: US Stocks Expected to Rebound Slightly After a Tough Few Days

Odaily According to Investinglive analyst Justin Low, the movement of US stock index futures has been mixed so far. Yesterday, Wall Street tech stocks suffered a heavy blow, a situation that persisted even after Amazon released its earnings report. Major US tech companies are still trying to justify their increased spending on AI infrastructure, but investors are gradually shifting towards a "show me the results" mindset. Notably, US stock index futures rebounded today after falling during the Asian session, with Microsoft's pre-market stock price rising by up to 1.6% and Palantir's pre-market gains exceeding 5% at one point. Both stocks experienced significant declines during yesterday's trading session and for most of this week. However, the latest rebound only provides slight relief, as the S&P 500 index dipped slightly yesterday, attempting to test its 100-day moving average. The last time it reached this critical level was in November last year, when dip buyers prevailed. But if we take the Nasdaq index as a reference, tech stocks could decline again this week, reconfirming a break below the 100-day moving average—if this happens, it will inevitably affect the S&P 500 index and could even impact broader risk sentiment on Wall Street. (Jin10)