Nasdaq Futures Rebound as Nvidia Shows Stability Post-Selloff
Money | June 25, 2024, 6:43 a.m.
Nasdaq futures surged on Tuesday as AI-related stocks like Nvidia rebounded from recent losses. Investors are closely monitoring Fed officials' remarks and economic data for clues on monetary policy. Nvidia regained ground after a significant drop, lifting peers Micron Technology, Broadcom, and Qualcomm. The Nasdaq, which suffered a sharp decline, saw a shift towards value-focused sectors like utilities and energy. Concerns about equity strength persist as growth stocks outpace the Dow. Analysts question if the sell-off is over or if a broader downturn is ahead. The Fed remains focused on inflation, with expectations of rate cuts in September. Earnings reports from companies like Carnival Corp and FedEx are upcoming. Market movers include Spirit AeroSystems and Trump Media & Technology Group. Overall, market dynamics are influenced by AI stocks, inflation data, Fed policy, and corporate earnings.