FX.co ★ US Futures Rise After Turbulent Session

On Thursday, futures for the S&P 500 and Nasdaq 100 experienced gains, bouncing back after two consecutive days of significant declines in the technology sector, as investors sought buying opportunities at lower prices and assessed the latest earnings reports. In after-hours trading, Alphabet, the parent company of Google, saw a decline of over 1%, attributed to its announcement of substantial increases in AI-related expenditures this year. Despite this, other AI-related stocks, including Nvidia and Broadcom, appreciated by 1.9% and 6.5%, respectively. During Wednesday's regular trading session, the S&P 500 and Nasdaq Composite decreased by 0.51% and 1.51% as software stocks suffered losses amidst concerns over AI's potential impact on business models within the sector. In contrast, the Dow Jones climbed by 0.53%, triggered by investor shifts from technology to sectors perceived as having more attractive valuations. Meanwhile, macroeconomic indicators offered minimal encouragement; the ADP report revealed a sharp deceleration in private payroll growth to just 22,000 in January, underscoring indications of weakening labor demand.