U.S. futures are on the rise after a weak trading session yesterday, with tech stocks leading the losses. The Nasdaq 100, S&P 500, and Dow Jones futures are all up this morning, signaling a potential rebound. The decline in the market was largely attributed to weakness in the Magnificent Seven stocks and major chip companies’ stocks.
Investors are eagerly awaiting the Existing Home Sales Change data for March, which will provide insights into the housing market. Additionally, the Q1 earnings season is gaining momentum, with companies like Netflix, Alaska Air, and Blackstone reporting their results today.
On the global front, European indices opened higher despite concerns over interest rate policies. In Asia-Pacific markets, most indices closed higher, with investors closely monitoring China’s economic outlook and upcoming Japanese inflation data.
Overall, the market is showing signs of recovery after yesterday’s losses, with key economic reports and earnings announcements driving investor sentiment. Stay tuned for more updates on the market trends and economic developments.
