US Stocks Gain as Tech Recovers from Correction
U.S. stock futures rose on Thursday as investors bought shares in beaten-down chipmakers like Nvidia and Intel following a significant technology sector correction. Markets are weighing a rebound in valuations against rising producer prices and geopolitical uncertainty in the Middle East.
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The United States equity market signaled a recovery on Thursday as Nasdaq 100 futures rose 0.82% overnight. This rebound follows a Wednesday selloff that sent major indexes down more than 1% and pushed technology stocks into correction territory. The bounce tests investor appetite for high valuations against a backdrop of rising energy prices and geopolitical instability in the Middle East.
