US Stock Futures Rise Ahead of PPI; Microsoft Signals Stability Amid Outage

MSFT declined 4% over the past 24 hours to 523, with its RSI at 41, hovering near oversold territory—a condition that could set the stage for short-term rebound buying. The MACD remains in negative territory but is trading close to its signal line, indicating that momentum is beginning to stabilize. The news of a 'stability signal amid the outage' is a mildly positive catalyst for operational confidence. Rising US futures ahead of PPI data are supporting risk appetite. Nevertheless, with the price below both SMA20 and SMA50, upside may remain limited; a cautiously positive outlook is appropriate.

The news that US futures are rising ahead of PPI and Microsoft's stability signal could provide mild support to the technology sector. NVDA's price is below its 20- and 50-day moving averages and its MACD is negative, so it is technically weak. Therefore, the market impact may remain limited in the short term, though perhaps a small recovery can be expected.

NDX rose 1.66% over the past 24 hours to reach 28,286 and is trading above both its SMA20 and SMA50, supporting short-term positive momentum. However, with an RSI of 55 it remains far from overbought territory, and it is holding below the MACD signal line, indicating that momentum has not yet been fully confirmed. The news flow reflects the futures rally and Microsoft's post-outage stability signal positively, which could support risk appetite. Given the uncertainty ahead of the PPI data release and the weak MACD trend, the upside expectation should be kept measured. Overall, the 1-3 day outlook is slightly positive, though volatility risk tied to the data release remains.

DXY is trading at 103.23, above its SMA20 and SMA50, with a mildly positive short-term trend. Although RSI at 61.7 has approached overbought territory, it has not yet signaled weakness. MACD is slightly below its signal line, indicating limited momentum deceleration. Rising risk appetite ahead of PPI and stability signals stemming from Microsoft are not directly supporting the dollar; however, strong PPI expectations could exert upward pressure on DXY through interest rate expectations. For this reason, a moderate upward bias is expected over the next 1-3 days, but the risk of volatility tied to the data release remains high.