US Futures Flat as Tech Sells Off, Oil Rises
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- US futures are flat ahead of the opening bell, showing cautious investor sentiment after recent volatility in technology and energy markets
- AI-related stocks faced heavy selling pressure, contributing to a broader retreat in tech valuations despite recent strength in industrial sectors
- Oil prices rose on August 10th by 5%, driven by ongoing tensions related to Iran’s control of strategic shipping lanes and supply concerns
- The bond market selloff showed signs of easing, reducing immediate pressure on equities but keeping yields elevated ahead of Fed minutes
- Target is set to report earnings, joining other retailers in providing consumer demand signals amid soft inflation data from July CPI
Why it matters: Tech investors face renewed risk from higher oil prices and bond volatility, even after soft inflation suggested relief might be coming. The flat futures despite these crosscurrents show markets are pausing before reacting to the next catalyst—Fed guidance or retail spending data.
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