Finance

Dow futures jump 200 points as Wall Street tries to recover after tech struggles

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People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City.

Spencer Platt | Getty Images

U.S. stock futures rose on Sunday night after a sell-off in tech shares led to the market’s first back-to-back weekly declines in months.

Dow Jones Industrial Average futures traded 203 points higher, 0.7%. The S&P 500 climbed 0.8% and Nasdaq 100 futures were up by 1.1%. 

Sentiment was lifted in part by news of Nvidia buying chip maker Arm Holdings from SoftBank for $40 billion. Nvidia will finance the deal through a combination of cash and common stock. 

The S&P 500 fell by 2.5% last week. It was the broader-market index’s worst one-week drop since June 26. That decline also…



Source cnbc.com

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