US stocks steadied ahead of the bell Thursday, as investors regrouped after a Big Tech-led wipeout inspired by AI doubts and turned focus to upcoming data as concerns about the economy crept in. Dow Jones Industrial Average futures traded flat, while S&P 500 futures slipped 0.1%, both on the heels of steep closing losses. Nasdaq 100 futures fell 0.2%, coming off the worst day for the tech-heavy index since October 2022.
Nikkei 225 sank to a 3%-plus loss at the close, though a sudden yen gain also drove the Tokyo benchmark into technical correction. At the same time, big-name earnings misses elsewhere have helped stir already emerging concerns about the robustness of the US economy. Given that, traders are nudging up odds the Federal Reserve will lower interest rates sooner than expected, CME FedWatch data showed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news today: Nasdaq futures lead losses as first Big Tech earnings fail to deliverDisappointing Alphabet and Tesla earnings have stirred up worries that Big Tech's power to fuel stock market gains is fading.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: World stocks fall as investors are underwhelmed by Big Tech earningsWorld stocks fell Wednesday as the earnings reporting season ramped up for big companies, with investors showing a lack of enthusiasm for results so far.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: US stocks wobble amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: US stocks rise amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: US stocks waver amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market news today: US futures waver amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »