US equity futures point to a bounce after a six-day losing streak
Last week was the worst of the year for major US averages with the Nasdaq particularly soft. Today, index futures are higher with S&P 500 futures up 29 points, or 0.6%. Nasdaq futures are up 0.7%.Eyes are on Tesla with shares down 3% pre-market after more price cuts in the US and China.UBS has downgraded the stocks of six major tech companies - Apple, Amazon, Alphabet, Meta, Microsoft, and Nvidia - from 'overweight' to 'neutral'. This article was written by Adam Button at www.forexlive.com.
Last week was the worst of the year for major US averages with the Nasdaq particularly soft. Today, index futures are higher with S&P 500 futures up 29 points, or 0.6%. Nasdaq futures are up 0.7%.
Eyes are on Tesla with shares down 3% pre-market after more price cuts in the US and China.
UBS has downgraded the stocks of six major tech companies - Apple, Amazon, Alphabet, Meta, Microsoft, and Nvidia - from 'overweight' to 'neutral'. This article was written by Adam Button at www.forexlive.com.
