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Futures Steady as Tech Selloff Eases; Amazon Drops on AI Spending Surge

U.S. stock futures held steady in early premarket trading after a sharp tech-led decline earlier in the week, giving investors a moment to reassess the sector’s rapid pullback. Major index futures hovered near flat, suggesting a more measured tone after days of volatility. While sentiment remains cautious, some traders appear to be stepping back in following the recent selloff in high‑growth names. Amazon shares slipped in premarket action after the company signaled a significant increase in capital expenditures tied to artificial intelligence infrastructure. The planned investment highlights Amazon’s push to expand its AI capabilities, but the scale of spending raised concerns about near‑term pressure on margins. Market attention now turns to upcoming economic data and corporate earnings, which could help determine whether tech stocks regain momentum or continue to face headwinds. For the moment, futures point to a steadier start as investors look for the next catalyst.
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Israel’s Military Announces Tactical Pause to Facilitate Aid Delivery in Southern Gaza

 

In a significant move, Israel’s military declared a “tactical pause” in its offensive operations along a 12-kilometer route in the southern Gaza Strip. The purpose of this pause is to allow for the delivery of increased quantities of humanitarian aid to desperate Palestinians who have been enduring a severe crisis due to the ongoing war. The announcement came after discussions with the United Nations and international aid agencies.

Key Points:

  • The pause begins at 8 a.m. (0500 GMT) and lasts until 7 p.m. (1600 GMT), continuing until further notice.
  • It specifically applies to the Rafah area, allowing aid trucks to reach the Israel-controlled Kerem Shalom crossing, a crucial entry point for aid.
  • The bottleneck at Kerem Shalom resulted from Israeli ground troops moving into Rafah earlier this year.
  • While this pause falls short of a complete cease-fire, it aims to address the overwhelming needs of Palestinians in the region.
  • The international community, including Israel’s top ally, the United States, has been advocating for more substantial measures to alleviate the crisis.
  • The hope is that smoother operations at checkpoints and regular fuel entry will follow this initial step.

As Muslims begin marking the major Eid Al-Adha holiday, this humanitarian effort seeks to provide much-needed relief to those affected by the conflict. While challenges remain, the pause represents a crucial step toward easing the crisis in Gaza.


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