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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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Tragedy in Gaza: Airstrike Claims Lives of 29 Civilians

An Israeli airstrike on a residential building in Gaza City's Shejaia neighborhood has resulted in the deaths of at least 29 Palestinians, including children. The attack targeted a multi-story building, leaving dozens injured and many still trapped under the rubble. The Israeli military stated that the strike aimed at a senior Hamas militant responsible for planning attacks, emphasizing efforts to minimize civilian harm. However, the devastation has sparked widespread condemnation, with local health authorities describing the incident as a "horrific massacre". This tragedy adds to the escalating toll of the ongoing conflict, which has displaced hundreds of thousands and claimed thousands of lives.

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