Markets struggle to keep rebound momentum: Trading takeaways

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Markets (^DJI,^GSPC, ^IXIC) struggled to keep their rebound going in Wednesday's session after being hammered by a 3-day selloff earlier in the week. The AI trade, in particular, is under pressure as Wall Street looks for real results from AI investments. Shares of chip giant Super Micro Computer (SMCI) plummeted nearly 20% after missing earnings expectations. Amid this period of intense volatility, all eyes are on Thursday's jobless claims report as it could provide the economic data needed for the market to recover.

Yahoo Finance Reporter Josh Schafer joins Asking for a Trend to break down his top takeaways from the trading day.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Melanie Riehl