Financial Digest

Wall Street heads for strong open on tech boost

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S&P 500 futures rose on Wednesday for the ninth time in past ten sessions helped by a rally in tech stocks, as focus turns to economic data that ...

REUTERS: Wall Street's main indexes were set to open higher on Wednesday with the S&P 500 and Nasdaq eyeing new highs, as demand for technology stocks overshadowed data showing a smaller-than-expected increase in U.S. private payrolls last month.

As the COVID-19 pandemic rages on, signs that the recovery in the labor market was faltering has been a worry for investors. The more comprehensive monthly jobs report is slated for Friday. Market experts have warned that at these elevated levels, Wall Street's indexes are ripe for pullback, especially in the weeks leading up to the election in November.

 

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