S&P 500 futures are rising, technology leaders are also winning

The futures contracts tied to the S&P 500 were higher and gained 0.3% before the start of the session in America. This comes after Wall Street saw the historic crossing over 4,000 points earlier this week. Futures for the high-tech Nasdaq 100 feature a jump of nearly 1%. Futures linked to the Dow Jones Industrial Average are traded without much change.

Investors seem reassured after yesterday’s session. The optimism comes from the latest minutes of the Fed meeting, which shows that the central bank is working to maintain stable prices and maximum employment.

The ten-year yield of the treasury, which is at 1.64%, gives way for another day. This decline creates positive sentiment among investors and increases their appetite for risk. Technology companies from FAANG – Facebook, Amazon, Apple, Netflix and Google (Alphabet) won about 1% in the premarket. Chip stocks like Nvidia are also in green territory.

Unemployment claims rose more than expected last week, despite signs of a recovery in the labor market. The result of 744,000 is well above the forecast made by economists – 694,000.

GameStop (GME) – The video game retailer said Chewy co-founder Ryan Cohen will become chairman of the board after its annual meeting. GameStop gained 2.2% in preliminary trading.

Apple (AAPL) – Apple is slowing down production of the MacBook and iPad due to a shortage of computer chips and other components. The shortage has not yet affected the availability of products for consumers. Apple won 1% in the preliminary market.

Twitter (TWTR) – Twitter has held talks in recent months to buy the social network Clubhouse for about $ 4 billion. However, negotiations have stalled for unknown reasons and are no longer continuing. Twitter won 1% in the preliminary market.

Икона „Потвърдено от общността“
Икона „Потвърдено от общността“
Икона „Потвърдено от общността“

Икона „Потвърдено от общността“
Икона „Потвърдено от общността“
Икона „Потвърдено от общността“

Икона „Потвърдено от общността“

 Junior Trader Nikolay Nankov

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