Finance

Dow futures jump 250 points in overnight trading following the worst tech rout since March

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The “Fearless Girl” statue stands in front of the New York Stock Exchange (NYSE) at Wall Street on June 29, 2020 in New York City.

Angela Weiss | AFP | Getty Images

Stocks futures climbed in overnight trading on Monday after technology shares suffered their worst sell-off in more than five months.

Futures on the Dow Jones Industrial Average gained about 215 points, while the S&P 500 futures rose 0.5%. The Nasdaq 100 futures, however, dipped 0.2%.

Stocks just snapped a five-week winning streak after a big reversal in major technology stocks last week. Steep losses in Amazon, Apple, Microsoft and Facebook — 2020’s market leaders — drove the tech-heavy Nasdaq Composite down 3.3% to suffer…



Source cnbc.com

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