Nasdaq Rebounding From Tech Selloff. Oil Prices Tumble After Trump Downplays Iran.

Market Overview - Stocks are expected to open higher, with Dow Jones Industrial Average futures up 55 points (0.1%), S&P 500 futures climbing 0.4%, and Nasdaq contracts increasing by 0.8% [1] - Oil prices have significantly dropped following President Trump's comments downplaying the likelihood of U.S. military action in Iran [1] Technology Sector - The Nasdaq faced challenges in the previous session as investors sold off large technology stocks, particularly the Magnificent Seven group, which saw declines of 2% or more [2] - Despite a positive retail sales report that exceeded expectations, the technology sector experienced a selloff [2] - The Supreme Court's decision not to rule on Trump's tariffs did not alleviate the pressure on technology stocks [2]