U.S. Tech Stocks Set to Extend Rebound From $1.1 Trillion Rout
- Nasdaq 100 futures gain in early trading with Apple, Tesla
- Markets already pricing in ‘very aggressive’ Fed hiking cycle
This article is for subscribers only.
Mega-cap U.S. technology stocks edged higher in premarket trading, hinting at a return of dip-buyers after last week’s selloff wiped $1.1 trillion from the value of the Nasdaq Composite Index.
Nasdaq 100 futures gained 0.6% at 4:52 a.m. in New York, with Tesla Inc. rising 1.8% and Apple Inc. climbing 1%. Microsoft Corp. and Meta Platforms Inc. were among other names moving higher.