Investing.com-- U.S. stock index futures moved little in evening deals on Thursday as investors hunkered down before a string of major technology earnings in the coming week.), they were still nursing losses for the week amid persistent anxiety over the upcoming presidential election and expectations of slower rate cuts.
The five firms represent a large chunk of overall market capitalization in Wall Street, with their earnings likely to act as a bellwether for the broader market. Focus will be squarely on whether artificial intelligence proved to be a major earnings driver, especially amid increased capital expenditures on the fast-growing sector.
Beyond the Magnificent Seven, a barrage of other Wall Street majors are set to report next week, including Advanced Micro Devices Inc . Focus will be on whether corporate earnings were able to weather headwinds from sticky inflation and high interest rates, after a mixed batch of earnings in the past week.While Wall Street indexes advanced on Thursday, they were still down between 0.4% and 2.1% this week, as risk appetite remained frail. U.S.