Wall Street futures higher after steep selloff with eyes on Big Tech earnings

U.S. stock index futures rose on Thursday following the S&P 500's worst day in nearly five months as focus shifted to Big Tech earnings, but sentiment was fragile with five days to go before the Election Day.

Heavyweights Apple Inc , Amazon.com Inc and Alphabet Inc rose about 1per cent in premarket trading ahead of their results after the closing bell.Facebook Inc , which also reports later in the day, gained 3.2per cent, riding on Pinterest Inc's upbeat forecast for sales growth that highlighted a rebound in ad spending.

Investors will get their first look at third-quarter U.S. GDP data at 8:30 a.m. ET , which is likely to show a record pace of economic expansion fueled by US$3 trillion in federal pandemic relief after a historic slump in the second-quarter. The CBOE volatility index dipped after closing at its highest level in nearly five months on Wednesday as uncertainty about a U.S. election outcome next week kept investors on edge.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big Tech earnings approach under antitrust cloudApple, Alphabet, Amazon and Facebook, together accounting for about a fifth of the S&P 500's total value, report their quarterly results on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Greenlight's Einhorn says tech stocks in bubble, hit top in SeptemberTechnology stocks, which have surged for months during the pandemic, likely hit their top last month, hedge fund investor David Einhorn wrote on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »