{"id":38586,"date":"2023-07-21T06:31:27","date_gmt":"2023-07-21T10:31:27","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/u-s-equity-futures-point-higher-after-tech-stock-stumble\/"},"modified":"2023-07-21T06:31:29","modified_gmt":"2023-07-21T10:31:29","slug":"u-s-equity-futures-point-higher-after-tech-stock-stumble","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=38586","title":{"rendered":"U.S. equity futures point higher after tech stock stumble"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002305099\" role=\"document\">\n<p>U.S. stock futures on Friday pointed higher after a tech-led stumble, as investors prepare for a major reshuffling of a key index.<\/p>\n<ul class=\"articleList\">\n<li>\n      Dow Jones Industrial Average futures<br \/>\n        YM00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210407078\/delayed\" class=\"positive\">+0.11%<\/bg-quote><br \/>\n       rose 38 points, or 0.1%, to 35439.<\/p>\n<\/li>\n<li>\n      S&amp;P 500 futures<br \/>\n        ES00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209948968\/delayed\" class=\"positive\">+0.24%<\/bg-quote><br \/>\n       gained 10 points, or 0.2%, to 4576.<\/p>\n<\/li>\n<li>\n      Nasdaq 100 futures<br \/>\n        NQ00,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210219788\/delayed\" class=\"positive\">+0.41%<\/bg-quote><br \/>\n      increased 67 points, or 0.4%, to 15659.<\/p>\n<\/li>\n<\/ul>\n<p>On Thursday, the Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"positive\">+0.47%<\/bg-quote><br \/>\n       rose 164 points, or 0.47%, to 35225, while the S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-0.68%<\/bg-quote><br \/>\n       declined 31 points, or 0.68%, to 4535, and the Nasdaq Composite<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"negative\">-2.05%<\/bg-quote><br \/>\n       dropped 295 points, or 2.05%, to 14063.<\/p>\n<div class=\"paywall\">\n<h2>What\u2019s driving markets<\/h2>\n<p>Markets struggled after a poor reception to results from companies including Netflix<br \/>\n        NFLX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202353025\/composite\" class=\"negative\">-8.41%<\/bg-quote><span>,<\/span><br \/>\n       Taiwan Semiconductor Manufacturing<br \/>\n        TSM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204359850\/composite\" class=\"negative\">-5.05%<\/bg-quote><span>,<\/span><br \/>\n       Tesla<br \/>\n        TSLA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203558040\/lastsale\" class=\"negative\">-9.74%<\/bg-quote><br \/>\n       and IBM<br \/>\n        IBM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203856914\/composite\" class=\"positive\">+2.14%<\/bg-quote><span>.<\/span>\n      <\/p>\n<p>\u201cThe current market is priced for perfection. When a company comes out, beats, and guides higher, it still can go down if there are any concerns or worries,\u201d said Louis Navellier, the chairman and founder of Navellier &amp; Associates, pointing to Tesla\u2019s results in particular.<\/p>\n<p>There\u2019s also the specter of the special Nasdaq 100 rebalancing, which will take place Friday after the close and be effective for Monday\u2019s open, as well as the expiration of some $2.3 trillion of U.S.-listed options.<\/p>\n<p>\u201cThere also seems to be a little anxiety on some of the top tech stocks as they are going to get a haircut on Monday on the Nasdaq realignment,\u201d added Navellier. Nvidia<br \/>\n        NVDA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200467500\/composite\" class=\"negative\">-3.31%<\/bg-quote><br \/>\n       and Microsoft<br \/>\n        MSFT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207732364\/composite\" class=\"negative\">-2.31%<\/bg-quote><br \/>\n       are most affected by the Nasdaq rebalancing.<\/p>\n<p>There\u2019s no economic data set for release on Friday. Earnings are due from companies including American Express<br \/>\n        AXP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203805826\/composite\" class=\"negative\">-0.01%<\/bg-quote><br \/>\n       and Schlumberger<br \/>\n        SLB,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201012972\/composite\" class=\"negative\">-0.17%<\/bg-quote><span>.<\/span>\n      <\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/u-s-equity-futures-point-higher-after-tech-stock-stumble-7909ec89?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock futures on Friday pointed higher after a tech-led stumble, as investors prepare for a major reshuffling of a key index. Dow Jones Industrial Average futures YM00, +0.11% rose 38 points, or 0.1%, to 35439. S&amp;P 500 futures ES00, +0.24% gained 10 points, or 0.2%, to 4576. Nasdaq 100 futures NQ00, +0.41% increased 67 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-38586","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. equity futures point higher after tech stock stumble | iFintechWorld<\/title>\n<meta name=\"description\" content=\"U.S. stock futures on Friday pointed higher after a tech-led stumble, as investors prepare for a major reshuffling of a key index. 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