Investors were looking at a mixed day of trade with some weakness on the tech side after a warning from Nvidia and others.
U.S. stock index futures were little changed on Thursday, with the technology sector wobbly after bleak forecasts from Nvidia Corp. and other companies, following a session of gains.
How are stock-index futures trading? On Wednesday, the Dow industrials DJIA booked its fourth-straight session, rising 191.66 points, or 0.6%, to 32,120.28. The S&P 500 index SPX gained 1% to 3,978.73, while the Nasdaq Composite COMP rose 1.5% to 11,434.74. “The risks remain to the more hawkish side relative to market pricing. If the Fed is to pause the rerating process at a lower level than previously thought, inflation expectations will need to drop further. In 2018 the Fed’s balance sheet was half the size it is today, and the likes of Apple were not offering 10% pay rises,” he told clients in a note.
Shares of Twitter Inc. TWTR surged 5% in premarket trading after Tesla CEO Elon Musk said in a regulatory filing that he will lean on equity to finance his $44 billion Twitter deal, and not a margin loan backed by shares of his electric-car maker.
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