2026-07-16 11:48
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Investing.com
US equity futures declined as semiconductor stocks weakened, with the Nasdaq 100 struggling near the 30K resistance level. Despite softer inflation data supporting growth assets, AI enthusiasm is cooling amid concerns about infrastructure investment returns and supply chain constraints. The Fed remains cautious despite improving inflation data, with focus shifting to retail sales and hawkish Fed speakers.
Axe note: Semiconductor stocks weigh on Nasdaq, casting shadows on JSE tech favourites like Naspers and Prosus.