Reported 1 day ago
U.S. equity futures rebounded early Friday as tech stocks, particularly those related to AI, surged following a strong quarterly report from Broadcom. This uptick came after a rough session on Thursday with losses across major indices and rising concerns over bond yields amid a mixed inflation report and increased jobless claims. The bond market faces growing unease about U.S. debt levels, contributing to rising long-term yields, while investors are wary of dwindling market breadth as declining stocks outnumber advancing ones. Despite the challenges, tech stocks are driving the market higher heading into a crucial Federal Reserve rate decision.
Source: YAHOO