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Equities: AI earnings revive risk appetite after tech weakness - Deutsche Bank
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FXStreet Forex & Commodities News
Deutsche Bank strategists note that United States (US) equities had a mixed session as Magnificent 7 weakness weighed on the S&P 500, even as the equal-weighted index reached a fresh record.
AI results improve sentiment after mega-cap weakness"Ahead of that, yesterday was a pretty mixed session for equities, with the S&P 500 down -0.32% amidst weakness from the Magnificent 7 (-0.90%).
As mentioned, the main underperformer was the Magnificent 7 (-0.90%) which dragged on the S&P 500 (-0.32%).
But otherwise, the rest of the index put in a steady performance, and the equal-weighted S&P 500 (+0.21%) hit another record high."
So that’s boosted investor sentiment this morning, with S&P 500 futures up +0.10%, and NASDAQ 100 futures up +0.21%."