U.S. stock futures trade flat as AI and chip stocks rebound; October hike odds seen at 70%
AI Market Summary
US equity index futures were flat as a tech rebound offset macro headwinds from higher oil and elevated Treasury yields, keeping risk appetite constrained. Focus remains on AI leadership and chip stocks after Anthropic's IPO filing signaled rapid growth but wider losses, while Nvidia extended gains after a record buyback authorization. Fed speakers and data are central as markets price a high probability of an October hike.
Impact level
● Medium
Affected assets
NCSINASDAQ1002USD/USDT+0.81%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
● Neutral
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U.S. stock futures were little changed in early Wednesday trading as tech shares rebounded, though gains were capped by inflation worries tied to higher energy prices and expectations for further rate hikes. AI lab Anthropic drew attention with plans to seek an IPO valuation of more than $US2 trillion. Markets are also watching a slate of Federal Reserve speakers, with traders pricing a 70 per cent chance of another rate increase in October. Separately, AstraZeneca said it will invest $2 billion in a biopharma company and partner on cancer-treatment studies.
