India, Aug. 23 -- Nasdaq futures kick off Monday with investors weighing the strength of AI demand against increased borrowing costs. The Nasdaq Composite ended up shedding around 2.1% during the previous week, while the S&P 500 declined by about 1.4%. The next week might be more volatile with Nvidia earnings and data releases among the key events.

US Stock Market Prediction For Monday

The market action on Monday could start cautiously as stocks in the tech sector have been highly sensitive to Treasury yields and investors may prefer not to go all-in until the August 26 earnings release from Nvidia. Another negative factor is the recent drop in the Nasdaq index below its 21-day exponential moving average.

Nasdaq Futures Prediction For ...