🟢 WQTM is trading 1.6% up today as tech futures rebound ahead of key GDP and inflation data

WQTM is trading 1.6% up today as Nasdaq futures rebound from a sharp tech-led selloff earlier this week ahead of critical economic data releases.

• Large-cap tech is gaining momentum following a Microsoft earnings beat and anticipation surrounding upcoming results from Apple and Amazon.
• Investors are repositioning ahead of the Q2 GDP and PCE inflation reports, reassessing the recent semiconductor and AI rout as risk sentiment improves.
• Despite the bounce, the market remains constrained by a hawkish Fed and elevated yields following recent geopolitical tensions in the Middle East.