US Tech Stocks Decline Amid SpaceX Drop and AI Spending Concerns

The news headline indicates that the decline in SpaceX and concerns over artificial intelligence spending are negatively impacting technology stocks. AAPL's technical indicators present a neutral-positive picture, with RSI at 55 indicating balance, MACD positive, and the price above SMA20 and SMA50. However, the negative sentiment generated by the news may make it difficult to break through this technical resistance in the short term. Therefore, a limited decline or sideways movement can be expected in the near term.

Amazon (AMZN) shares have declined 5.97% in the last 24 hours, with the Relative Strength Index (RSI) falling to 35, approaching oversold territory. The MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. The stock is trading below both its 20-day and 50-day moving averages, further darkening the technical outlook. Headlines regarding a SpaceX decline and concerns over AI spending may reduce risk appetite for the technology sector, adding pressure on AMZN. While the RSI nearing oversold levels could increase the likelihood of a short-term bounce, the overall trend remains bearish.

GOOGL shares fell 7.6% in the last 24 hours to $346.61. While the RSI at 30.2 approaches oversold territory, the MACD line remains below the signal line and in negative territory. Headlines indicate that the SpaceX decline and AI spending concerns are weighing on tech stocks. In the short term, the risk of continued selling pressure is high, though oversold conditions suggest some potential for a rebound.

Microsoft (MSFT) shares fell more than 6% in the last 24 hours, declining to $369.48. While the RSI has entered oversold territory at 27, the MACD remains negative and below the signal line. Trading below the 20- and 50-day moving averages suggests that short-term pressure may persist. The decline in SpaceX shares and concerns over AI spending are reinforcing negative sentiment in the technology sector. In the short term, the downtrend is expected to continue, although the oversold condition could trigger a potential technical rebound.