Tech Stocks Lead as Global Markets Show Cautious Optimism
Global markets showed cautious optimism on August 17, led by tech stocks. However, concerns arose over falling US retail sales and high oil prices, while the Federal Reserve's interest-rate decisions remain pivotal for economic outlook.
Nasdaq futures gained 0.40%, while S&P 500 futures rose 0.13%. Dow futures slipped 0.15% as investors remained cautious, with traditional industrial, consumer and financial companies facing different risks from technology firms.
US retail sales fell 0.6% in July, raising concerns that consumers may be becoming more cautious after months of high borrowing costs and persistent pressure on household budgets.
The Federal Reserve's minutes from the July policy meeting will be released on Wednesday, providing clues about the debate among policymakers and the conditions that could prompt a September interest-rate decision.