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Stocks futures today slip modestly as traders reassess
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Stocks futures today slip modestly as traders reassess valuations in AI-focused firms. Despite short-term profit-taking, options market signals imply institutional confidence in the sector’s growth. Crude oil futures were trading lower in the early New York session by 0.22% to hover around $62.23 per barrel. Stock markets are due a "drawdown" in the next year or two after years of being propelled to record highs by an AI frenzy, according to Goldman Sachs CEO David Solomon. Stocks futures today show mixed movement, with S&P 500 futures flat at 5,294 while Dow futures edge up 0.12%. Traders are watching inflation data and Federal Reserve minutes as catalysts for the next trend. Sector rotation indicates strength in tech and semiconductors.