Futures Rise Despite Software, AMD Rout Ahead Of Google Earnings

US stock futures saw a mixed and volatile session, with tech stocks under pressure due to rotation fears and AI disruption concerns. The focus has shifted from AI winners to perceived losers, particularly in software, experiencing significant selling pressure. The market is reacting to various company earnings and forecasts, with significant moves in stocks like AMD, Boston Scientific, and Eli Lilly. Economic data, specifically the ISM Services index, is awaited to potentially influence market directions. Commodities, including energy and metals, show strength, while bond yields rose slightly. European markets initially followed the US selloff, driven by software sector concerns, but later recovered. Corporate news affected European stocks, including earnings results from companies like Handelsbanken, DNB Bank, and Novo Nordisk. Earlier, Asian markets also suffered, particularly within the technology sector amid concerns of disruption from AI tools. The dollar gained strength, while Treasury yields were slightly higher.