FX.co ★ US Futures Steady After 2-Day Slide

On Thursday, U.S. stock futures remained stable after two consecutive days of declines in major indices. These declines were influenced by weaknesses among AI industry leaders, mixed indications from the Federal Reserve, and profit-taking as indices approached record highs. In after-hours trading, Intel experienced a gain of over 2% following reports of its approach to Apple regarding a potential investment. During Wednesday's session, the Dow Jones Industrial Average decreased by 0.37%, the S&P 500 fell by 0.28%, and the Nasdaq Composite dropped by 0.33%, continuing their retreat from all-time highs. AI sector giants such as Nvidia, Oracle, and Micron Technology led the downward trend, amid concerns over high valuations and risky dependencies within the AI sector after recent transactions. Federal Reserve Chair Jerome Powell reiterated this week that there are ongoing inflation and labor market risks, and cautioned that equity prices may be overvalued. Investors are now looking to the weekly jobless claims data released on Thursday for more insights into the future of interest rates.