Tech optimism is likely to abound on Wall Street as AI-levered stocks are feeding off the strength generated byAdvanced Micro Devices, Inc.'s(NASDAQ:AMD) robust second-quarter results. The major index futures are all sharply higher early Wednesday. The financial markets have baked in expectations of the Federal Reserve, led by ChairmanJerome Powell, to confirm a September rate cut. Bond yields are dropping and the dollar-denominated commodities are rising as the U.S. dollar trades lower against most major currency pairs.
The beaten-down mega-cap techs could lead the market higher, as evidenced in...
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