Mixed Performance in U.S. Stock Futures Amid Tech Sector Challenges

U.S. stock index futures are experiencing mixed movements as Wall Street's tech stocks continue to face challenges. According to Odaily, the situation persisted even after Amazon released its earnings report. Major U.S. tech companies are striving to justify their increased spending on AI infrastructure, but investors are increasingly demanding tangible results. Today, U.S. stock index futures rebounded after a decline during the Asian trading session. Notably, Microsoft's stock rose by 1.6% in pre-market trading, while Palantir's stock saw a pre-market increase of over 5%. Both stocks had suffered significant losses in yesterday's trading and throughout most of the week. However, the latest rebound offers only slight relief, as the S&P 500 index experienced a minor decline yesterday, attempting to test the 100-day moving average. The last time this key level was reached was in November of the previous year, when dip buyers prevailed. However, if the Nasdaq index is any indication, tech stocks may face further declines this week, potentially confirming a break below the 100-day moving average. Such a development could impact the S&P 500 index and possibly affect broader risk sentiment on Wall Street.