The positive momentum from Tuesday’s 0.2% gain in the cash S&P 500 has carried over into a further 0.2% gain in futures, or 15 points. it was tech stocks that lifted the market on Tuesday led by Intel, Booking.com and Qualcomm. Nvidia was very strong early but faded to a 0.8% gain.
Looking at the S&P 500 chart, it looks like it could make a break to the upside but now is a critical moment. OpenAI is teasing another model that’s better than Gemini and that kind of thing could keep the market excited about AI.
This article was written by Adam Button at investinglive.com.