Nasdaq-100 futures bounce from August lows as AI stocks slide.
E-mini Nasdaq-100 futures bounced strongly from their lowest levels since August 3, paring early losses to close only slightly lower. The CME FedWatch Tool indicates a 92.5% probability of a September rate hike following Friday's inflation data, adding pressure to risk appetite and growth valuations. Meanwhile, calls from Anthropic and OpenAI leaders to slow AI development weighed heavily on semiconductor and AI-related stocks.
E-mini Nasdaq-100 futures bounced strongly from their lowest levels since August 3, paring early losses to close only slightly lower. 5% probability of a September rate hike following Friday's inflation data, adding pressure to risk appetite and growth valuations. Meanwhile, calls from Anthropic and OpenAI leaders to slow AI development weighed heavily on semiconductor and AI-related stocks.