Wall St set for muted open as tech wobble persists; Tesla gains
AI-related deleveraging drives the tape: CoreWeave's bonds yielding above 15% revived fears that data-centre operators cannot service debt, dragging neoclouds and chipmakers lower and pushing the S&P 500 and Nasdaq toward weekly losses. Tesla's Roadster news offers only isolated support. Rotation into defensives and firm oil above $100 signal risk-off positioning; sticky inflation keeps the Fed on hold, capping near-term upside.
AI Insight · NCSKCRWV2USD/USDTAI Insight
▼ Bearish
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US stock index futures pointed to a subdued open on Friday, as technology stocks came under pressure once again on worries about cracks building in the AI trade, though gains in Tesla offered some...