Meta Makes a Prediction: 8 Key Items Shaping the Stock Market Wednesday
FedEx and Cerebras underscore margin concerns, oil falls further, Google to join the Dow, and other headlines are moving stocks this morning.
These are the early headlines and other items poised to influence the market at the start of trading Wednesday. As we share this collection of market drivers, U.S. equity futures point to a mixed market open later.
1. S&P 500 and Nasdaq futures inched higher on Wednesday after two straight sessions of declines, as investors returned to technology shares following a sharp selloff that saw the Nasdaq 100 lose over $1 trillion in market value. Concerns over lofty hyperscaler spending through debt-funding and expectations of a more hawkish Federal Reserve drove the fall after a huge run-up in AI names that aided all three major indexes to record highs. (Reuters)
Yesterday, we discussed why we would be closely watching the 50-day moving average levels for the S&P 500 and the Nasdaq Composite. While the S&P 500 closed…