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US stock futures showed mixed movements as investors processed a challenging week for technology equities. Dow Jones Industrial Average futures (YM=F) rose marginally by 0.1%, while S&P 500 futures (ES=F) held steady near unchanged levels. In contrast, Nasdaq 100 futures (NQ=F) declined 0.3%, highlighting sustained weakness in tech-centric indices.
The tech trade faced renewed scrutiny this week, with the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) each posting declines for the fourth consecutive session. Mounting expectations for a Federal Reserve rate increase this year, coupled with concerns over elevated AI-related valuations and capital expenditures, contributed to the bearish outlook. A stronger-than-expected reading of the Fed’s preferred inflation metric, the Personal Consumption Expenditures index, further eroded confidence.
Meanwhile, crude oil prices retreated following a 60-day ceasefire agreement between the US and Iran, though market volatility persists amid unresolved negotiations and reports of escalating tensions in the Strait of Hormuz. Analysts warn that geopolitical uncertainties could continue to sway energy markets despite temporary de-escalation efforts.
