Business
Nasdaq Rises on AI Resurgence After Tech Selloff. Dow Futures Drop as Israel, Iran Strikes Drive Up Oil Prices.
Blue-chip stocks looked set to fall on Monday as the cease-fire in the Middle East appeared to fray, with the market still reeling from Friday’s brutal artificial intelligence selloff.
Futures tracking the Dow Jones Industrial Average slipped 169 points, or 0.3%. S&P 500 futures climbed 0.3%, while contracts tied to the tech-heavy Nasdaq 100 added 0.7%.
The three blue-chip indexes all plummeted on Friday after the May nonfarm payrolls report topped economists’ expectations, strengthening fears that the Federal Reserve will hike interest rates.
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