Dow Futures Slip While Tech Rebounds After AI Stock Selloff
Markets logged solid weekly gains despite a rough Thursday for AI names like Sandisk and Tesla. Apple and Robinhood are flashing buy signals.
If you only checked the weekly scorecard, you'd think the stock market had a smooth, breezy ride. Zoom in on Thursday, though, and it felt more like turbulence — AI-related stocks took a hit, with Sandisk leading the pain parade alongside Tesla and other high-flying tech names that investors had been riding hard all year.
Despite that Thursday stumble, the broader market still managed to post strong weekly gains, which is a good reminder that one rough session doesn't erase a week's worth of momentum. That said, when AI plays sell off sharply, it tends to rattle nerves — these stocks have been carrying a lot of the market's weight lately, so any wobble gets outsized attention.
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On the futures side, Dow Jones contracts were pointing lower heading into the next session, while tech futures showed some resilience — a split that suggests investors aren't ready to bail on growth stocks entirely, but they're also getting a little pickier about where they park their money.
The more encouraging news for active traders? Apple and Robinhood are reportedly flashing buy signals, which in technical analysis usually means a stock's price action and momentum indicators are lining up in a way that historically precedes a move higher. Whether those signals follow through depends a lot on how the broader market mood holds up — especially with AI sentiment still a little shaky after Thursday's drubbing.
The takeaway here is that markets are in that classic push-pull zone: strong enough to stay in an uptrend, but jittery enough that any bad headline can send specific sectors sliding fast. Keep an eye on how tech opens in the next session. Continue reading at Yahoo.
