Dow E-minis retreated 0.35% while S&P 500 futures dipped 0.11%, pulling back from Tuesday’s historic session where the S&P 500 first cleared the 7,600 threshold. Despite the broader cooling, the Nasdaq 100 managed a 0.14% gain, buoyed by ongoing fervor for artificial intelligence. Marvell Technology soared 11.4% in premarket trading, riding momentum from Nvidia CEO Jensen Huang’s recent endorsement, while investors braced for Broadcom’s quarterly results due after the bell.
Financial sectors faced additional pressure beyond geopolitical jitters. Asset managers tumbled after Switzerland’s Partners Group capped withdrawals from an $8.6 billion private equity fund, dragging KKR down 5.8% and Blackstone 3.9%. Markets are now pivoting toward critical economic indicators, including S&P Global’s survey data and the upcoming ISM services index, as participants weigh the likelihood of Federal Reserve interest rate hikes later this year.
Comments (0)
No comments yet. Be the first!