Market Watch: S&P 500 Futures Slightly Rise as Nvidia Stock Recovers – Stay Updated!

Traders on the New York Stock Exchange are keeping a close watch on the market this week. Stock futures rose slightly on Wednesday, thanks in part to Nvidia. The key benchmarks are showing mixed signals, with Dow futures up 48 points and Nasdaq-100 futures increasing by 0.3%. This comes after Nvidia experienced some ups and downs due to concerns about the longevity of the AI boom.

Earlier in the week, Nvidia and Oracle faced scrutiny as investors questioned whether the AI market is slowing down. The news of Nvidia’s partnership with OpenAI stirred fears, leading to a steep drop in their stocks. Even Micron Technology, which initially saw its shares rise, couldn’t hold onto those gains as the earnings report didn’t impress much.

Tuesday marked a downturn for the S&P 500, which interrupted a promising three-day winning streak. With high valuations in the market, many traders are beginning to take profits, a move highlighted by Federal Reserve Chair Jerome Powell recently. This might indicate shifting sentiment among investors.

Despite these fluctuations, some experts remain optimistic. Ohsung Kwon, Wells Fargo’s Chief Equity Strategist, believes the market is still in an AI-led bull phase. According to Kwon, the fundamentals behind Nasdaq’s performance are stronger compared to the S&P 500 and are likely to continue. He notes that we are in the early stages of investment in AI, suggesting robust spending is still on the horizon.

Upcoming events may also influence market dynamics. Many are awaiting jobless claims data and PCE inflation figures. Additionally, the looming threat of a government shutdown adds to the uncertainty. President Donald Trump has canceled crucial discussions that might have prevented this shutdown, increasing worries about potential fallout.

In today’s landscape, it’s essential to stay informed. The shifts in the tech market, especially surrounding AI’s role, continue to be a hot topic. Keeping an eye on these developments can help investors navigate this complex environment.

For more insights, you can check out resources like CNBC and Deutsche Bank Reports.

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