Tech rebound fades, data risk looms, AI rotation questioned

US futures are lower after Friday’s rebound, with tech struggling to regain its footing following last week’s sharp software sell-off. Investors are bracing for a rescheduled jobs report on Wednesday and CPI on Friday, both key tests for rate expectations and market direction. Technically, the S&P 500 bounced off its 100-day moving average but remains stuck below the 7,000 level. A sustained breakout likely depends on software stabilizing after extreme oversold conditions. Strategists are also pushing back on blind rotation away from AI. The sell-off has been indiscriminate, but balance sheet strength and the speed of monetization matter more than chasing anti-AI trades. Volatility is creating opportunity, but selectivity is critical. Takeaways:• Futures point to a cautious open• Jobs and CPI data dominate the week• Tech leadership remains unresolved• AI rotation lacks a clear fundamental anchor Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Email us at [e-mail]. Learn more about your ad choices. Visit megaphone.fm/adchoices