US stock futures held firm on Thursday after major indexes fell for two consecutive sessions, weighed down by weakness in AI leaders, mixed Federal Reserve signals, and profit-taking near record highs. In extended trading, Intel gained over 2% on reports it approached Apple about a potential investment. During Wednesday’s session, the Dow slipped 0.37%, the S&P 500 declined 0.28% and the Nasdaq Composite dropped 0.33%, with all three benchmarks extending their pullback from all-time peaks. AI heavyweights including Nvidia, Oracle and Micron Technology led the losses amid worries over lofty valuations and potentially risky interdependencies in the AI sector following recent deals. Fed Chair Jerome Powell also reiterated this week that inflation and labor market risks remain while warning that equity prices appear stretched. Investors now turn to Thursday’s weekly jobless claims data for further clues on the interest rate outlook.
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