Markets Recovering as Selloff Eases. Stock Futures Pop.
Market Intelligence Analysis
AI-PoweredThe market is recovering from a three-day losing streak due to Amazon's positive spending guidance and Alphabet's plan to double capital spending, boosting tech stocks.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Stocks looked set to snap a three-day losing streak on Friday after online retailer and cloud computing company Amazon’s lofty spending guidance boosted some tech stocks. The three indexes had been tumbling since Tuesday, when Wall Street started panicking about artificial intelligence usurping software companies. Google parent Alphabet outlined a plan to double its capital spending late Wednesday, giving the market another reason to fret.
Analysis and insights provided by AnalystMarkets AI.