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U.S. Stock Futures Extend Rebound as Tech Rallies

Stock MarketsNov 30, 2021 10:19
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© Reuters.

By Oliver Gray

Investing.com - U.S. stock futures traded higher in early APAC deals on Tuesday, as major benchmark indices closed higher during the regular session. Long term bond yields slipped, boosting technology stocks as U.S. Fed Chair Jerome Powell noted that the coronavirus Omicron variant and recent surge in infections pose a threat to the U.S. economy, complicating an already-uncertain inflation outlook, while countries around the world continue to tighten and close their borders.

During Monday’s session, the Dow added 236.6 points or 0.68% to 35135.95, the S&P 500 added 60.65 points or 1.32% to 4655.26 while the NASDAQ Composite rose 291.18 points or 1.88% to 15,782.83.

Dow Jones 30 Futures added 0.27%, S&P 500 Futures gained 0.21% and Nasdaq 100 Futures were up 0.2%.

Among stocks, Twitter Inc (NYSE:TWTR) dipped 2.74% in regular deals after Jack Dorsey stepped down as Twitter CEO on Monday, noting that the company was “ready to move on from its founders.” Major tech companies rallied on lower bond yields, with Microsoft Corporation (NASDAQ:MSFT) up 2.11%, Meta Platforms Inc (NASDAQ:FB) adding 1.47%, Apple Inc (NASDAQ:AAPL) up 2.19%, Alphabet Inc (NASDAQ:GOOGL) lifting 2.35%, Tesla Inc (NASDAQ:TSLA) surging 5.09% and NVIDIA Corporation (NASDAQ:NVDA) rallying 5.59%.

Meantime, airline stocks struggled amid growing travel restrictions. Delta Air Lines Inc (NYSE:DAL) fell 0.38%, Southwest Airlines Company (NYSE:LUV) dipped 0.93% and JetBlue Airways Corp (NASDAQ:JBLU) lost 0.66%.

On the bond markets, United States 10-Year rates were lower at 1.502%.

U.S. Stock Futures Extend Rebound as Tech Rallies
 

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