Stocks, futures rise on tech rebound ahead of Fed: Markets Wrap
Published On Jan 29, 2025, 1:52 AM
Global markets are showing positive momentum following a rebound in technology stocks, which experienced a sharp drop recently. This rebound was buoyed by significant gains in major tech companies, notably Nvidia, which rose sharply after a previous massive sell-off. Investors are closely watching the Federal Reserve's upcoming rate decision and earnings reports from key tech companies. With expectations that the Fed will maintain current interest rates, there is cautious optimism in the market. The recent strong performance from companies leading the AI sector, specifically ASML, highlights ongoing growth in demand for technology despite past volatility.
Stock Forecasts
ASML
Positive
Given the strong rebound in tech stocks, particularly after a rough start to the week, there is a positive outlook for companies like Nvidia and ASML. Investors' focus on earnings results in the tech sector may lead to continued upward momentum, especially if results exceed expectations.
MSFT
Positive
With Tesla, Microsoft, and Meta reporting earnings soon, the markets might react favorably if these companies show strong results. The anticipation of these earnings, combined with the recent tech rebound, suggests a positive sentiment.
NVDA
Positive
Nvidia has shown resilience after heavy losses, which may attract further investor interest anticipating growth in AI technologies, indicating a potential positive direction.
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