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U.S. Tech Stocks Ready to Shine after Amazon, Microsoft Earnings


Friday, 27 April 2018 18:23 WIB

Indeks saham berjangka A.S.S&P 500 FuturesDowJones Futures


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U.S. stocks looked set for a mixed open Friday, after surging in the previous session on a tide of strong corporate results, but on track to finish the week on a downbeat note.

But technology stocks were showing signs of strength, after Amazon.com Inc., Microsoft Corp. and Intel Corp. all reported upbeat earnings that sent shares higher in after-hours trade Thursday. Earnings season continues Friday, with Exxon Mobil Corp among the highlights ahead of the bell.

Dow Jones Industrial Average futures fell 66 points, or 0.3%, to 24,249, while S&P 500 index futures slipped 4.10 points, or 0.2%, to 2,670.50. Tech-heavy Nasdaq-100 futures rose 14 points, or 0.2%, to 6,748.75.

Stocks closed sharply higher on Thursday, inspired by upbeat results from Facebook Inc. and others. The Dow Jones Industrial Average closed up 238.51 points, or 1%, to 24,322.34, while the S&P 500 shot up 1% to 2,666.94, and the Nasdaq Composite Index surged 1.6%, to 7,118.68. The solid gains on Thursday swung all three benchmarks back into positive territory for April.

For the week, the Dow was looking at a loss of 0.6%, the S&P 500 a drop of 0.1% and the Nasdaq a loss of 0.4%, as of Thursday's close. Those would be the first fall in three weeks for all those gauges.

Source : Marketwatch


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