Dow Jones set for tentative rebound but Nasdaq futures flat after Mag-7 rout

Impact · against what's priced in

The market is actively discounting the ROI of AI capital expenditures, making the failure of Tesla and Alphabet to alleviate these concerns a catalyst for further valuation resets. While Intel provides a positive idiosyncratic signal, the broader impact is negative due to the implementation of systemic 10-12.5% tariffs on nearly all US imports.

TSLA−0.50

Challenges what's priced in

The price assumes