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Stock futures fell slightly on Wednesday night as investors grew less wary of eye-popping AI valuations and were encouraged by the tone of the Supreme Court hearing on President Donald Trump’s sweeping tariffs.
S&P 500 futures fell 0.2% and Nasdaq 100 futures fell about 0.3%. Futures, which track the Dow Jones Industrial Average, fell 62 points, or 0.1%.
Investors are raising hopes that the Supreme Court will rule against the Trump administration’s aggressive trade policies after high court justices expressed some skepticism about the legality of the trade tax during a hearing in Washington on Wednesday. The ruling could trigger the president to roll back tariffs, likely sending stock prices higher.
AI stocks are also starting to recover from the valuation concerns that swirled earlier this week, which could be another boon for the major indexes.
advanced micro device Shares closed more than 2% higher on Wednesday after the semiconductor company reported better-than-expected third-quarter results. This performance also pushed other AI stocks higher, including: broadcom and micron technologyup 2% and 9%, respectively, on the day. oracle We also recouped some of our recent losses during the session.
After a weak start to the week with all three major U.S. indexes in the red so far, a recovery in AI stocks helped the market rally on Wednesday.
“We are in the early stages of the AI supercycle,” Shirl Penny of Dynasty Financial Partners said on CNBC’s “Closing Bell” on Wednesday. “We will continue to see significant capital investment, not only by some of the MagSevens, but also by major financial companies such as Schwab and JPMorgan.”
Earnings season continues for travel stocks expedia and airbnb Not just AI data center play Vistra Among the companies that announced their latest financial results on Thursday.
