Investing.com-- U.S. stock index futures fell in evening deals on Sunday, cooling after a rally on Wall Street as comments from Federal Reserve officials cemented expectations for a September interest rate cut.
The chipmaker’s earnings and outlook are also set to offer more cues on the state of AI demand, and come after a slew of mixed earnings from other technology heavyweights raised questions over just how much of an AI-fuelled market rally over the past year was justified. Majors such as Alphabet Inc (NASDAQ:
Expectations of rate cuts also saw traders sell tech and pivot into more economically sensitive, value-oriented sectors.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.