Tag: calms

US STOCKS-Nasdaq futures rise as tech selloff calms

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* FAANG group of stocks lead bounce among tech-related firms

* Oracle falls as Trump to block U.S. downloads of TikTok

* PG&E Corp slips as finance chief resigns

* Futures up: Dow 0.07%, S&P 500 0.17%, Nasdaq 0.54% (Adds comments, updates prices throughout)

Sept 18 (Reuters) – Futures tracking the Nasdaq 100 index rose on Friday as a two-day selloff in technology-related stocks halted, while worries about rising coronavirus cases and a patchy economic recovery weighed on S&P 500 and Dow futures.

Wall Street’s three main indexes bounced earlier this week as investors bet on a loose monetary policy by the Federal Reserve, but gains petered out in the absence of firm details on the central bank’s stimulus plan.

The S&P 500 and the Nasdaq have also

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Nasdaq futures rise as tech selloff calms

By Shreyashi Sanyal and Devik Jain



FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE)


© Reuters/Lucas Jackson
FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE)

(Reuters) – Futures tracking the Nasdaq 100 index rose on Friday as a two-day selloff in technology-related stocks halted, while worries about rising coronavirus cases and a patchy economic recovery weighed on S&P 500 and Dow futures.

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Wall Street’s three main indexes bounced earlier this week as investors bet on a loose monetary policy by the Federal Reserve, but gains petered out in the absence of firm details on the central bank’s stimulus plan.

The S&P 500 <.spx> and the Nasdaq <.ixic> have also come under pressure from investors rotating out of high-flying tech-related stocks and into industrial and transportation firms.

But premarket gains on Friday were led by Apple Inc , Alphabet Inc , Amazon.com Inc , Microsoft Corp , Facebook and Tesla Inc , which

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