Nasdaq Rebounding from Tech Selloff. Oil Prices Tumble After Trump Downplays Iran.
Market Intelligence Analysis
AI-PoweredThe Nasdaq is rebounding from a tech selloff, with futures indicating a 0.8% gain, while oil prices plummet due to President Trump's downplayed stance on Iran, leading to a potential decrease in global tensions and a positive market sentiment.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Stocks looked set to open higher Thursday, while oil prices plummeted after President Donald Trump appeared to play down the chances of U.S. military action in Iran. Dow Jones Industrial Average futures rose 54 points, or 0.1%, S&P 500 futures climbed 0.4% and contracts tied to the tech-heavy Nasdaq added 0.8%. The Nasdaq had a rough time the previous session as investors continued to ditch large technology stocks, with the bulk of the so-called Magnificent Seven megacap group down 2% or more.
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