Before the opening of Wall Street, the atmosphere is rather calm. Investors remain cautious, torn between the strength of tech stocks and macroeconomic uncertainties. After the S&P 500 and Nasdaq reached record highs on Monday, futures indicate that the three major indices are barely moving ahead of the opening bell.
Tech Giants in the Spotlight
AMD continues its upward momentum, rising +3.5% in pre-market trading, supported by the announcement of its strategic agreement with OpenAI for AI chips.
IBM is also climbing thanks to its partnership with Anthropic, aiming to integrate AI into its enterprise software.
Tesla slips slightly (-0.8%) before the session, as investors take profits following yesterday’s strong rally.
Tech stocks remain at the center of attention, but there are early signs of rotation into other sectors, indicating that capital is seeking new opportunities.
Macroeconomic ContextThe U.S. government shutdown continues, causing delays in some economic releases. Opinions diverge regarding the future direction of Fed policy, and investors are closely watching the FOMC minutes and speeches from several members this week for clues about market trends.
Market OutlookOverall, short-term traders are taking a cautious stance, and the market is expected to open quietly with limited volatility. Sectors related to AI and semiconductors are likely to continue shaping the market mood in the near term.
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