Global Market Watch: Bargain Hunting in Semiconductor and AI Stocks Leads Tech Rebound

Let's first take a look at the New York stock market.

While the Nasdaq rose 1% and the S&P 500 gained 0.4%, only the Dow Jones Industrial Average closed slightly lower.

By sector, consumer discretionary stocks gained 2% and technology stocks rose 1%, while utilities and real estate fell 1%, showing mixed trends.

Today, Wall Street rebounded, led by technology stocks as bargain hunters stepped into semiconductor and artificial intelligence-related shares that had suffered recent steep declines.

Notably, the Philadelphia Semiconductor Index rose 1.6%, snapping an eight-session losing streak.

However, sentiment toward the AI industry remains cautious.

Concerns that actual revenue generation is lagging behind massive AI infrastructure investments, along with companies' debt burdens, continue to act as sources of market anxiety.

As a result, investor focus is shifting toward upcoming earnings reports from major big tech companies such as Tesla and Meta Platforms.

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

Earlier in the New York market, bargain hunting flowed mainly into semiconductor and AI-related stocks, but concerns over the profitability of AI investments and high Treasury yields remain burdensome factors for the market.

U.S. stock index futures are showing an upward trend.

Dow futures are up 55 points, trading around the 52,000 level, while Nasdaq futures are also up 39 points, moving around the 29,000 level.

In addition, S&P 500 futures are up 7 points, pointing to the 7,700 level.

Let's also look at Russell 2000 futures, which focus on small-cap stocks.

Russell 2000 futures are up 2 points, trading around the 2,700 level.

Because small-cap stocks are more sensitive to financing costs than large-cap tech stocks, high interest rate levels act as a burden.

As rising international oil prices reignite inflation concerns, the 10-year U.S. Treasury futures rate stands at 5.128%.

Meanwhile, in the commodity futures market, corn futures continue their recent downward trend, trading around the 466 level per bushel.

On the regular trading board, amid the tech stock rebound, the movement of major big tech stocks in the futures market shows Microsoft and Alphabet futures trading slightly higher.

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