Nasdaq futures up 1% as tech stocks rebound

Published by

By Devik Jain (Reuters) – Nasdaq futures jumped 1% on Wednesday as technology stocks led a rebound after concerns about inflation and rising Treasury yields drove one of Wall Street’s worst selloff of this year. Shares of heavyweights Inc, Facebook Inc, Microsoft Corp, Apple and Google-parent Alphabet Inc rose between 1% and 1.3% in premarket trading. Oil firms including Exxon Mobil and Chevron Corp dipped as a rally in crude prices petered out. The S&P energy sector has gained 3.9% so far this week and is on track for its best monthly performance since February. U.S. stocks ended s…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *