By Oliver Gray
Investing.com - U.S. stock futures were lower in early APAC deals on Friday, after major benchmark indices mounted a comeback as investors bought the dip on some of the biggest tech names during Thursday’s volatile session following Russia’s invasion of Ukraine.
During Thursday’s session, the Dow Jones Industrial Average added 92.07 points or 0.28% to 33,223.84, the S&P 500 gained 63.2 points or 1.5% to 4,288.69 and the NASDAQ Composite gained 436.1 points or 3.34% to 13,473.59.
Dow Jones Futures fell 0.51%, S&P 500 Futures were down 0.61% and Nasdaq 100 Futures lost 0.67%.
President Joe Biden rolled out a new wave of sanctions against Russia Thursday afternoon in a broad effort to isolate Moscow from the global economy. The White House has also authorized additional troops to be stationed in Germany as NATO allies look to bolster defenses in Europe.
Among stocks, major technology players rebounded with Block Inc (NYSE:SQ) up 7.07%, Amazon.com Inc (NASDAQ:AMZN) adding 4.51%, Microsoft Corporation (NASDAQ:MSFT) gaining 5.11%, Meta Platforms Inc (NASDAQ:FB) up 4.61%, Apple Inc (NASDAQ:AAPL) up 1.67%, Alphabet Inc (NASDAQ:GOOGL) adding 4%, Adobe Systems Incorporated (NASDAQ:ADBE) surging 8%, NVIDIA Corporation (NASDAQ:NVDA) gaining 6.08% and Advanced Micro Devices Inc (NASDAQ:AMD) up 6.24%.
EV makers lifted with Tesla Inc (NASDAQ:TSLA) up 4.81%, Rivian Automotive Inc (NASDAQ:RIVN) surging 10.74% and Lucid Group Inc (NASDAQ:LCID) up 5.47%.
However, financial heavyweights continued to slide, with JPMorgan Chase & Co (NYSE:JPM) down 2.78%, Citizens Financial Group Inc (NYSE:CFG) losing 2.64%, Bank of America Corp (NYSE:BAC) falling 2.64%, Citigroup Inc (NYSE:C) down 4.03%, Wells Fargo & Company (NYSE:WFC) shedding 2.3% and Morgan Stanley (NYSE:MS) down 1.86%.
In extended deals, Beyond Meat Inc (NASDAQ:BYND) tanked 10.51% after the company reported wider-than-expected losses, posting losses per share of $1.27 versus 71 cents expected, while revenues came in at $100.7 million versus $101.4 million expected. Beyond Meat also released a weak forecast for its 2022 revenue.
Coinbase Global Inc (NASDAQ:COIN) was down 2.82% despite reporting fourth-quarter earnings that came in above analyst expectations. The company also predicted that total trading volume would be lower in Q1 2022 compared with Q4 2021.
Etsy Inc (NASDAQ:ETSY) also popped 18.39% after-hours. The company reported earnings of $1.11 per share versus 79 cents expected, while quarterly revenue also came in above expectations.
On the bond markets, United States 10-Year rates were at 1.97%.