US stock futures experienced a downturn on Friday, following a significant sell-off the previous day. Concerns regarding stretched valuations in the tech sector, particularly AI-related stocks, and doubts about the Federal Reserve’s willingness to cut rates next month have contributed to the negative sentiment. Several major tech companies saw their stock prices decline before the opening bell. Despite the weekly fluctuations, the Dow Jones showed a gain for the week.
- Dow Jones futures were down about 180 points.
- The Dow has gained roughly 1% for the week.
The slight dip in Dow Jones futures reflects broader market unease, but the week’s overall gain suggests underlying resilience. This indicates that while concerns persist, particularly within the tech sector, there is still some positive momentum supporting the asset, potentially driven by factors outside the realm of technology. This performance should be considered when making decisions about the asset.