Market Rebound: Tech Stocks and U.S.-China Talks Steal the Spotlight
S&P 500 and Nasdaq futures rose as investors awaited critical figures and U.S. President Trump's China visit. Talks with Iran remain stalled. Oil prices fell, relieving inflation fears. Morgan Stanley raised its S&P 500 target, while tech stocks showed a recovery. Producer price data is eagerly awaited.
U.S. markets bounced back on Wednesday as S&P 500 and Nasdaq futures rose, countering the previous session's losses. Investors are keenly observing crucial economic data and President Donald Trump's high-stakes visit to China, where trade talks with President Xi Jinping are anticipated.
Oil prices saw a decline, halting a three-day rally, and bringing some relief to inflation-concerned investors. The ongoing U.S.-Iran talks remain in a deadlock, potentially causing prolonged energy price elevations that could influence Federal Reserve policies.
In the corporate sphere, Morgan Stanley's raised S&P 500 year-end target underscores confidence in U.S. equities, buoyed by strong corporate earnings and AI advancements. Tech stocks, including Micron and Western Digital, showed signs of a comeback after recent selloffs.
(With inputs from agencies.)
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