Posted by on October 12, 2021 1:01 pm
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Categories: Breaking News Epoch Times News

Nasdaq Futures Lifted by Big Tech as Focus Turns to Earnings

Gains in technology stocks kept Nasdaq futures afloat on Tuesday, while futures tracking the Dow and the S&P 500 were pressured by worries of higher inflation and its impact on third-quarter earnings starting this week. Mega-caps growth names including Microsoft Corp., Facebook Inc., Amazon.com Inc., Google-parent Alphabet, and Tesla inched higher in premarket trading. Tesla rose 0.7 percent after data showed the electric vehicle maker sold 56,006 China-made vehicles in September, the highest since it started production in Shanghai about two years ago. Oil firms including Exxon Mobil and Chevron Corp. gained 0.1 percent and 0.3 percent, respectively, as Brent crude hit a near-three year high on energy crunch fears. Higher oil prices and supply chain disruptions have set off alarm bells for businesses and consumers ahead of the third-quarter reporting season that kicks off on Wednesday with JPMorgan Chase & Co.’s results. “We believe that market participants could stay …

Originally appeared on The Epoch Times

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