A specialist dealer works inside a stand on the floor of the New York Stock Exchange (NYSE) in New York, United States, July 13, 2021.
Brendan McDermid | Reuters
Stock futures rose slightly higher in overnight trading after a rise in technology equities took the Nasdaq Composite to its third consecutive positive day on Thursday.
Futures on the Dow Jones Industrial Average gained 60 points, or 0.17%. S&P 500 futures added 0.26% and the Nasdaq 100 futures were up 0.34%.
The technological strength continued thereafter hours how shares of social media companies Twitter and Snap took a leap in ahead more than expected second-quarter earnings relationships.
Major US indices closed on Thursday regular trading session higher to mark a three day win strip. The Dow was up 25.35 points, or 0.07%. The S&P 500 climbed 0.2% higher. The techHeavy Nasdaq Composite led the markets with a gain of 0.36%.
All three US stock averages are on pace to close the week in the green for a positive fourth week in five, rebound from last the week’s losses and strong Monday off sales.
Microsoft had the most positive impact on the S&P 500 and the Nasdaq on Thursday; the stock closed 1.7% higher. Salesforce had the biggest positive impact on the Dow like the software the stock gained 2.6% on Thursday.
The force in tech shares it comes as the continuous spread of the highly contagious delta Covid variant raises economic concerns growth.
“We have seen during the depths of the pandemic that tech actions and them earnings held up the best, so I think a lot of investors are going back to the well, as we have a Covid renaissance, “said Yung-Yu Ma, chief investment strategist at BMO Wealth Management.” Long term interest rates in arrival down how much they have also does those actions more attractive.”
Greater technology companies including Microsoft, Google-parent Alphabet, Apple, Facebook and Amazon are set report second-quarter earnings next week.
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