All articles tagged with #mega cap tech
Palantir (PLTR) tops a list of oversold mega-cap tech stocks in a risk-off session, with a near-27 RSI—the lowest in the group—suggesting selling pressure may be exhausted and a rebound could be near; the piece also notes other giants like Microsoft, Apple and Oracle with higher RSI readings, reflecting how AI narratives can magnify moves in high-growth tech names.
Stock futures were little changed ahead of earnings from Alphabet, Amazon, Meta and Microsoft and the closing of the Fed’s policy meeting. In regular trading, the S&P 500 and Nasdaq dipped while the Dow drifted lower; after hours, Starbucks rose on a higher full-year outlook, Robinhood fell after weak results, and Seagate and NXP jumped on earnings beats. Wheat prices climbed to near two-year highs amid Iran-related tensions, and investors expect no near-term rate move as Powell’s term winds down.