Tech Giants Weigh on US Futures; Dollar Retreats: Markets Wrap
Written by Black Hot Fire Network on October 26, 2022
(Bloomberg) -- US index futures fell as megacap technology shares slumped in pre-market trading, marring a three-day rally on Wall Street and raising new doubts over whether this year’s $5.5 trillion selloff is nearing a bottom.
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Contracts on the Nasdaq 100 fell more than 1.5% after disappointing quarterly updates from Microsoft Corp., Google parent Alphabet Inc. and Texas Instruments Inc. S&P 500 futures were down about 0.6%. Treasuries extended gains, with the 10-year yield falling to around 4.05%, and a gauge of . . .
