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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InFollowing weeks of interest-rate-driven volatility, US stock futures showed a mixed outlook on Thursday amidst ongoing sector rotation. Dow Jones futures point to a 0.2% higher open, while Nasdaq futures are set to drop 0.8%. According to reports, semiconductor stocks are facing significant selling pressure, which is negatively impacting the broader technology sector's performance.
The downturn in the tech sector coincides with a fresh batch of corporate earnings, as investors evaluate whether AI-driven growth can sustain current valuations. Per market data, global semiconductor peers have faced similar headwinds recently, driven by concerns over future profit margins and potential trade restrictions affecting the supply chain.
Looking ahead, market participants are focused on the Federal Reserve's Monetary Policy Report scheduled for later today, which may offer fresh clues on the interest rate trajectory. In the absence of real-time price levels, technical support for the Nasdaq remains a key focal point as pre-market selling pressure persists.