Cathie Wood Warns of Memory-Chip Volatility, FERC Rejects PJM Plan
Stock index futures were mixed as technology stocks faced pressure ahead of major bank earnings reports. Cathie Wood, cofounder of ARK Investment Management, warned about potential volatility in the memory-chip sector due to cyclical demand shifts and supply chain issues. In another development, the Federal Energy Regulatory Commission (FERC) rejected a proposal by PJM Interconnection aimed at reforming capacity markets. The decision could impact energy pricing stability for consumers and utilities operating within the region. Investors are closely monitoring these developments alongside broader market trends as they assess risks in both technology hardware supply chains and regional electricity infrastructure.
Topics: earnings reports investor behavior stock index technology stocks