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US futures rise on tech rebound
The rise in Wall Street futures contracts is attributed to the recovery of technology stocks after strong earnings from major companies like Microsoft, amid diminished concerns about the sustainability of the AI boom. Shares of chip and semiconductor companies experienced significant gains, and major U.S. stock indices rose, as investors continued to evaluate the Federal Reserve's decision on interest rates, with U.S. economic growth slowing and inflation decreasing in June. Global markets also saw improvements, with the Korean KOSPI index jumping by 17.91%. While Apple’s shares declined and supply chain challenges affected its profits, Amazon increased its investments, and its cloud division's profits are expanding, with long-term expectations of reaching a trillion dollars in revenue.
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