Stock futures rise slightly after Nasdaq's worst day since 2022: Live updates

Category: Finance

U.S. stock futures rose after a rough session for the Nasdaq Composite due to a rotation out of big tech high-flyers. Discover Financial saw a 3% increase in extended trading, while Beyond Meat dropped 16%. The market witnessed a rotation trade with the Nasdaq falling 2.8% and the S&P 500 dropping 1.4%. The Dow outperformed, closing above 41,000 for the first time. Investors are anticipating a broadening market amidst concerns of a tech-driven rally losing momentum.

Keywords: Stock Market, Rotation Trade, Tech Stocks, Economic Slowdown, Market Optimism

Source: CNBC

Update At: 7/18/2024

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