Nasdaq futures firm as traders buy AI stocks despite $100 oil
Nasdaq futures are higher as traders bid up AI-related plays. Tech is holding up better than the broader market, though $100 oil, elevated bond yields, and Friday’s inflation report set a demanding backdrop.
Tech stocks are holding up better than the wider market, while higher energy prices, elevated bond yields and Friday’s inflation report leave the index facing a three-part test. Tech is bending without breaking. Oil has joined the valuation debate. CPI is the next major key.