Stock Groups

Nasdaq futures jump as tech stocks bounce back -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO : An advertisement for Wall Street was seen in front of the New York Stock Exchange, New York City, New York (USA), July 19, 2021. REUTERS/Andrew Kelly

(Reuters) – Futures following the Omicron variant surged on Tuesday, as tech stocks recovered from concerns. Shares in Intel also rose after plans to make its self-driving car unit public.

Recent declines in technology stocks have resulted from investors pricing in an aggressive tightening in U.S. money policy, despite Omicron coronavirus concerns.

Tesla (NASDAQ) Inc rose 3.3% premarket trading, after falling into bear market territory intraday on Monday. The stock fell more than 20% since Nov 4, when it was at its highest close.

Intel Corp (NASDAQ:] surged 8.1% following the announcement of plans to make Mobileye (F) public in the United States mid-2022. This deal could potentially value the Israeli unit in excess of $50 billion according to one source.

Nvidia (NASDAQ) also saw a rise of between 1.8% to 3.2% from other chipmakers Advanced Micro Devices and Micron Technology. Stocks of major tech companies, including Alphabet and Amazon (NASDAQ), Apple (NASDAQ) and Microsoft(NASDAQ:), rose approximately 2% in the early trading.

5.30 a.m. ET ET: were up 342points, or 97%.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]