US equity markets turned positive in early Thursday trading, recovering from a flat open to post modest gains across major indices.
The S&P 500 rose 0.2%, while the Nasdaq 100 advanced 0.61%, driven by renewed buying interest in technology stocks.
SEB strategist Karl Steiner noted that investors are holding back on larger positions until these catalysts provide more direction, according to Bloomberg.
The semiconductor sector led the broader market recovery, outperforming other groups as investors sought growth exposure despite ongoing uncertainty.
This sector-specific strength helped offset cautious sentiment in value and defensive plays, which remained subdued amid mixed macroeconomic signals.
Market participants are currently waiting for further clarity on two key fronts: developments in the Middle East and the upcoming jobs report due Friday.
SEB strategist Karl Steiner noted that investors are holding back on larger positions until these catalysts provide more direction, according to Bloomberg.
The cautious tone reflects a market balancing risk-on impulses in technology against geopolitical risks and labor market uncertainty.