Analysts: US stocks are expected to rebound slightly after a difficult few days.

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ME News
02-06
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According to ME News, on February 6th (UTC+8), Investinglive analyst Justin Low stated that the performance of US stock index futures is currently mixed. Yesterday, Wall Street tech stocks suffered a sharp decline, a situation that continued after Amazon released its earnings report. Large US tech companies are still trying to justify their increased spending on AI infrastructure, but investors are gradually shifting towards a "let's see tangible results" mentality. Notably, US stock index futures rebounded somewhat today after falling in Asian trading, with Microsoft shares rising as much as 1.6% pre-market and Palantir shares rising more than 5% pre-market, both of which suffered heavy losses in yesterday's trading and for most of this week. However, the latest rebound only provided some relief, as the S&P 500 index dipped slightly yesterday, attempting to test the 100-day moving average. The last time this key level was reached was in November of last year, when bargain hunters prevailed. However, if we use the Nasdaq index as a benchmark, tech stocks may fall again this week, thus reconfirming a break below the 100-day moving average—if so, this will inevitably affect the S&P 500 index and may even impact broader risk sentiment on Wall Street. (Source: ME)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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