Stocks in Asia rebound as investors shift focus to tech earnings season post Biden’s campaign exit. Market sees volatility decrease, while big tech faces challenges. Positive outlook for US equities despite recent pullbacks. Oil stabilizes near five-week low due to CTA losses. Await Fed’s inflation data and BOJ policy meeting.
Tech stocks drag Nasdaq lower on report of OpenAI revenue fall, high yields
US equity indexes fell, influenced by megacap technology stocks and concerns regarding OpenAI’s revenue performance. The Nasdaq 100 and S&P 500 saw declines as the