Nasdaq100 continues its rebound, 29,600 buying target confirmed
U.S. futures continued their recovery after Friday’s sell-off. Easing tensions between Iran and Israel and a rebound in semiconductor stocks lifted risk appetite, while the Nasdaq100 traded above its moving average, and buying targeted 29,600.
U.S. futures continued their recovery after Friday’s sell-off. Buying centered on technology stocks was observed. The recovery in futures also affected the cash market. Investor sentiment improved as tensions between Iran and Israel eased. Geopolitical uncertainty appeared to have eased somewhat. Demand for risk assets showed signs of expanding. Semiconductor stocks rebounded. The Nasdaq100 index is trading above its moving average. Buying appeared to target 29,600. Oil prices fell amid geopolitical improvements. The decline in oil prices partly eased inflation concerns. The U.S. consumer price index (CPI) report is scheduled for 2026-06-10. As a major event, SpaceX’s initial public offering (IPO) is scheduled for 2026-06-12 Friday. OpenAI filed IPO documents privately. These two events were introduced as key events for the next trading session. Overall, the Nasdaq100’s short-term trend remains linked to movements in technology and semiconductor stocks. The futures and cash markets have continued to show correlated movements. The upcoming CPI release and major IPO schedules remain key variables for the next trading session.
Sources: Investing.com
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