US Stocks Rebound, Eyes on Tesla and UBS Downgrades

After last week’s losses, US stock index futures are rising today, with the S&P 500 futures gaining 0.6% and Nasdaq futures up 0.7%. Tesla shares, however, have fallen 3% in pre-market trading after announcing further price cuts in the US and China. Additionally, UBS has downgraded the stocks of several major tech companies, including Apple, Amazon, Alphabet, Meta, Microsoft, and Nvidia.

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