S&P, Nasdaq futures steady after tech rout, earnings in focus
1. S&P 500 futures stabilized after significant prior session losses. 2. A low-cost Chinese AI model affected U.S. tech stocks.
FAQ
Why Bearish?
The introduction of competitive AI models can disrupt U.S. tech revenue, similar to how emerging markets have historically pressured U.S. market shares.
How important is it?
The rise of competitive technologies directly impacts major players in the S&P 500, especially in tech sectors.
Why Short Term?
Immediate pressure on tech stocks is expected, reflected in fluctuating investor confidence after the downturn.