Business · Markets · 2 hrs ago
US stock futures rise after tech-led sell-off
US stock futures rose on Sunday after technology shares helped drive markets lower the previous week.
The pressure was concentrated in AI and semiconductor companies, including CoreWeave and Broadcom.
CoreWeave shares fell 12% on Friday, while its bonds also dropped sharply.
Higher oil prices added to traders’ concerns ahead of the weekend.
The S&P 500 and Nasdaq fell over the week, while the Dow ended slightly higher.
Reports gave different estimates for Nasdaq 100 futures, with one putting the gain at 0.09% and another at 1.3%.
The figures reflect different reports of futures trading, and no further market outcome was given.
US stock futures rose after technology and AI-related shares led losses on Friday.
El Economista MX reported the Dow Jones futures up 0.31%, Nasdaq 100 futures up 0.09% and S&P 500 futures up 0.47% at 6:30 p.m.
The Financial Times later reported Nasdaq 100 futures up 1.3%, so the outlets gave different readings.
On Friday, the Nasdaq Composite fell 2.15%, the S&P 500 lost 1.09% and the Dow Jones dropped 0.34%.
- Who
- US stock futures and the Dow Jones, Nasdaq 100 and S&P 500.
- What
- Futures rose after technology-led losses in the previous session. The reported Nasdaq 100 futures gains differed between outlets.
- When
- Sunday evening, following Friday's losses.
- Where
- US financial markets.
- Why
- The sources do not state why futures rose. Friday's losses came as AI-related technology shares faced renewed pressure and rising oil prices unsettled traders.
This story does not have two clearly opposing sides.
The Nasdaq Composite fell 2.15%, the S&P 500 lost 1.09% and the Dow Jones dropped 0.34%.
El Economista MX reported gains in futures for all three major US indexes at 6:30 p.m.
The Financial Times reported Nasdaq 100 futures up 1.3%.
- Dow Jones futures
- Up 0.31% to 52,375 at 6:30 p.m., according to El Economista MX
- Nasdaq 100 futures
- Up 0.09% to 29,633 at 6:30 p.m., according to El Economista MX
- Nasdaq 100 futures
- Up 1.3%, according to the Financial Times
- Friday Nasdaq Composite
- Fell 2.15% to 26,140.03
- Friday S&P 500
- Fell 1.09% to 7,659.44