Major Indexes Mixed... Caution Surrounds Tech Stocks

Here is a look at global market trends. Let's start with the New York stock market.

The three major indexes showed mixed movements, with the Nasdaq closing slightly lower, the S&P 500 edging up, and the Dow Jones Industrial Average rising by more than 1%.

By sector, defensive sectors such as healthcare, real estate, and utilities showed strength, while technology and communication services sectors were relatively sluggish.

Today in New York, caution toward tech stocks overall remained strong as concerns persisted over debt burdens and profitability surrounding investments in artificial intelligence infrastructure.

The prevailing view is that while companies are borrowing massive amounts of capital to pour into data centers and semiconductors, validation is needed on whether this will actually lead to sufficient sales and profits.

Among individual stocks, SpaceX, led by Elon Musk, posted better-than-expected results, recording a 161% surge in revenue compared to the same period last year, driven by the strong performance of its satellite internet service Starlink and its AI business.

Next, let's look at the U.S. futures market.

Earlier in the New York market, falling international oil prices and strong corporate earnings supported investor sentiment, while caution regarding the profitability of AI investments persisted.

U.S. stock index futures are rising across the board.

Dow futures are up 72 points, trading in the 52,000 range, while Nasdaq 100 futures are posting the largest gain, up 274 points and approaching the 30,000 mark.

In addition, S&P 500 futures are also up 29 points, moving in the 7,700 range.

Let's take a look at the Russell 2000 futures, focused on small- and mid-cap stocks.

For small- and mid-cap stocks as well, corporate earnings and movements in U.S. Treasury yields are acting as major variables.

They are currently trading slightly higher in the 2,700 range.

Earlier in the U.S. Treasury market, long-term government bond yields fell in unison as inflation concerns were somewhat alleviated by the drop in international oil prices.

Amid this, the 10-year U.S. Treasury futures rate stands at 5.112%.

Meanwhile, in the commodity futures market, while concerns over supply disruptions in the Middle East persist, the possibility of a diplomatic resolution between the U.S. and Iran has emerged, causing supply anxieties and expectations of eased tensions to collide in the crude oil market.

Crude oil futures are trading in the $98 range.

Looking at the fluctuations of major U.S. stock futures, tech stocks were relatively sluggish in the previous regular session, and market attention is now focused on AI investment profitability and upcoming earnings reports from major companies.

Tesla futures ahead of its earnings release are edging up, whereas Meta futures are seeing a slight downward trend.

This concludes our look at the CME futures market.
※ Please note: This article was translated by AI and may contain errors.