Concerns Over AI Spending Drag U.S. Futures Indices Lower

Concerns over artificial intelligence spending are dragging down US futures indices, mildly dampening overall market sentiment. GOOGL is in a technically weak position, with its last closing price below both its 20-day and 50-day moving averages, and the MACD above its signal line. The RSI stands at 35, just above oversold territory, but the price may continue its downtrend. Therefore, a slight decline is expected for GOOGL in the short term (1-3 days).

NDX closed at 29,035, down 0.78% in the last 24 hours. The RSI at 37.35 is approaching oversold territory, but momentum remains weak. The MACD line is below the signal line and in negative territory, confirming the bearish trend. The price is trading below the 20-day and 50-day moving averages (29,382 and 29,437, respectively), indicating a weak technical outlook. Concerns over AI spending may add further pressure on the tech-heavy index.

The news headline indicates that concerns over artificial intelligence spending have created selling pressure across the market. NVDA shares, as one of the leading companies in the AI sector, could be directly affected by this negative sentiment. Technical indicators are giving mixed signals: the RSI is in neutral territory at 48.9, the MACD is below the signal line, and the price is below the 20-day moving average. In the short term, selling pressure is likely to continue, but support may be found near the 50-day moving average.

The news headline indicates that concerns over artificial intelligence spending have created selling pressure across the market. Although AMD shares have lost 6.5% in the last 24 hours and the RSI at 34.36 is approaching oversold territory, the MACD line remains below the signal line and in negative territory. Trading below the 20- and 50-day moving averages confirms a weak short-term outlook. Therefore, the likelihood of the downtrend continuing in the near term is high.