US stock futures held steady Thursday following a tech-led selloff on Wall Street, as concerns grew over stretched valuations and the durability of the AI-driven rally. Investors are looking ahead to Federal Reserve Chair Jerome Powell’s speech and upcoming economic data releases for further direction.
- US stock futures held steady.
- The Nasdaq Composite and S&P 500 experienced declines.
- Minutes from the Federal Reserve’s July meeting showed most officials favored holding rates steady.
- Investors await Fed Chair Jerome Powell’s speech at the Jackson Hole symposium.
- Upcoming catalysts include weekly jobless claims, existing home sales, and earnings reports from Walmart and Workday.
The stability of the Dow Jones amidst a tech sector downturn suggests a degree of resilience. Investor focus remains on the Federal Reserve’s monetary policy outlook, potentially impacting market sentiment and future performance. Upcoming economic data and corporate earnings will provide further insights into the overall economic health and influence investment decisions.