Skip to main content

Featured

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.
Post a Comment
Read more

article

Record Heat Wave Sweeps US Northeast: NYC to Reach 98°F

 

New York and the rest of the US Northeast are about to experience scorching temperatures due to a record-breaking heat wave. Here are the key points:

  1. Heat Wave Intensity:

    • Manhattan’s Central Park is expected to reach 98°F (37°C) by Friday, according to the National Weather Service.
    • The worst of the heat will impact the Midwest, upstate New York, and New England before descending on New York City and Washington.

  2. Implications:

    • The heat wave will boost electricity demand and raise health risks.
    • Commuters may face challenges due to the extreme weather conditions.
    • Heat-related illnesses are a concern, and New York Governor Kathy Hochul has warned residents about the severity of the heat wave.

  3. Regional Impact:

    • Over 120 daily high temperature records may be broken or tied across the US, with the majority in the Midwest, Mid-Atlantic, and New England.
    • New England is likely to experience the most intense heat, with Concord, New Hampshire, possibly reaching 101°F on Thursday.
    • The heat will also extend into Canada, affecting cities like Montreal and Toronto.

  4. Weather Pattern:

    • A large high-pressure system over the eastern US will trap the heat, intensifying the conditions.
    • While New England may see some relief later in the week, New York and Washington will likely remain hot.

In summary, stay prepared for extreme heat, take necessary precautions, and stay hydrated during this intense weather event. 


Comments

Post a Comment