Market News

U.S. stock futures are showing slight declines as traders await key economic data, including a payrolls report that could influence market sentiment. The tech sector has faced pressure recently, with notable drops in stocks like Broadcom and Oracle, reflecting ongoing concerns about AI spending. Meanwhile, Ford announced a significant shift in strategy, scrapping major EV plans and taking a $19.5 billion hit, while Tesla's shares are buoyed by optimism around its autonomous driving initiatives. In the broader market, the focus remains on inflation and the Federal Reserve's potential actions as year-end trading continues.