Nasdaq 100 futures slipped 0.6% as Amazon.com, Apple Inc, Netflix Inc and Microsoft Corp dropped between 0.6% and 0.8% premarket, as U.S. 10-year Treasury yields hit a 14-month high.
A rise in yields has particularly hit tech stocks which often have a low-rate environment heavily baked into their high valuations. The three main indexes recouped most of their losses from session lows on Monday as investors took heart from signs that the impact from the fall of a U.S. hedge fund was limited to a handful of stocks and didn’t ripple out to broader markets.
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Dow slips more than 100 points from a record, Nasdaq closes 1% lowerU.S. stocks slipped from record levels to start the week on Monday as the weakness in the technology sector weighed on the broader market. The Dow was down 0.35%. The S&P 500 fell 0.52%. The Nasdaq tumbled 0.98%. My $doge ain’t slippin tho. If days like today in the stock market make you feel scared rather than motivated, it means you still have to continue training yourself to be a long-term investor.
Source: CNBC - 🏆 12. / 72 Read more »
NQ00 | E-Mini Nasdaq 100 Index Continuous Contract Overview | MarketWatchNQ00 | A complete E-Mini Nasdaq 100 Index Continuous Contract futures overview by MarketWatch. View the futures and commodity market news, futures pricing and futures trading.
Source: MarketWatch - 🏆 3. / 97 Read more »
Apple, Facebook drive Nasdaq futures higher as earnings roll inNasdaq futures jumped 1% on Thursday after stellar earnings from Apple and Facebook powered a rally in tech stocks, while investors parsed another barrage of quarterly reports ahead of GDP numbers and jobless claims data. Apple Facebook SpaceX Spotify nice
Source: Reuters - 🏆 2. / 97 Read more »