Wednesday's trading session saw intense declines across major U.S. stock indexes that were driven by disappointing reports from a couple megacap tech names.
Stock futures rose Wednesday night after a sharp tech-driven sell-off dragged the Nasdaq Composite and the S&P 500 to their worst session since 2022.
Futures tied to the Dow Jones Industrial Average added 78 points, or 0.2%. S&P 500 futures rose 0.2%, while Nasdaq 100 futures advanced 0.3%.to fall in sympathy.
There are healthy areas of the market, such as cruise lines and U.S. infrastructure, Ma said, however. He added that megacap technology names will still "struggle for a while" until they can regain their footing and have more proof come forward about their AI-related results. Although some major tech names missed expectations this week, an overall positive earnings season so far is propping up investor enthusiasm. More than 25% of companies in the
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