US stock futures stabilize after tech losses due to weak earnings and rate uncertainty

From Investing.com: 2024-11-27 19:10:04

U.S. stock index futures stabilized after a negative session on Wall Street due to weak earnings and regulatory concerns affecting technology shares. Uncertainty over interest rates grew following strong economic data, with trading volumes expected to decrease due to the upcoming Thanksgiving holiday.

Tech stocks suffered losses on Wall Street as weak earnings raised doubts about the impact of artificial intelligence on the sector. Microsoft faced additional pressure as the FTC launched an antitrust investigation, while regulatory concerns loomed over tech giants like Alphabet Inc.

Wall Street retreated after strong economic data raised questions about future interest rate cuts. Despite the decline, the market remained near record highs as the U.S. economy showed strength, influencing trades in economically sensitive sectors. Federal Reserve’s preferred inflation gauge rose in October, indicating inflation levels above the 2% target.



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