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US STOCKS-S&P 500, Nasdaq futures rebound after selloff

Published 09/22/2020, 07:07 PM
Updated 09/22/2020, 07:10 PM
US500
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MSFT
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GOOGL
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AAPL
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AMZN
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META
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GOOG
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SPSY
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* Futures: Dow flat, S&P 500 up 0.21%, Nasdaq up 0.74%

Sept 22 (Reuters) - Futures tracking the S&P 500 and Nasdaq
indexes bounced on Tuesday, with beaten-down shares of
technology-related companies leading early gains, while Dow
futures were subdued on uncertainty over more U.S. fiscal
stimulus.
All three of Wall Street's main indexes started the week on
the back foot as worries about new lockdowns in Europe and a
stalemate in Congress over the size and shape of another
coronavirus-response bill dented hopes of a swift economic
recovery.
The S&P 500 .SPX closed down just under 9% on Monday from
hitting a record high on Sept. 2, floating just above correction
territory.
The growth-linked technology sector .SPLRCT was the only
one to post gains in the previous session, while value-oriented
sectors such as industrials .SPLRCI , energy .SPNY and
financials .SPSY tumbled about 3%.
Early premarket gainers on Tuesday included Microsoft Corp
MSFT.O , Apple Inc AAPL.O , Amazon.com Inc AMZN.O , Alphabet
Inc GOOGL.O and Facebook Inc FB.O , all of which have
dominated Wall Street's rally since a coronavirus-driven crash
in March.
At 6:37 a.m. ET, Dow e-minis 1YMcv1 were down 5 points, or
0.02%. S&P 500 e-minis EScv1 were up 7 points, or 0.21% and
Nasdaq 100 e-minis NQcv1 were up 81.5 points, or 0.74%.
Tesla Inc TSLA.O fell 3.4% after Chief Executive Officer
Elon Musk warned about the difficulties of speeding up
production as an expert cautioned the carmaker's increased
reliance on large-scale aluminium parts could bring new
manufacturing challenges. Oracle Corp ORCL.N shed 1.2% on report that Beijing was
unlikely to approve a proposed deal by the software maker and
Walmart WMT.N for ByteDance's TikTok. Carnival Corp CCL.N lost 1% after the cruise operator
announced sale of its two Princess Cruises ships - Sun Princess
and Sea Princess - to undisclosed buyers.

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