Futures for major U.S. stock indexes gained after a volatile trading session that was marked by a selloff in technology stocks and increasing hawkishness from global central banks.
By midday Friday in Hong Kong, e-mini futures tied to the tech-focused Nasdaq-100 index were up 1.9%, while those for the S&P 500 were 1.1% higher, suggesting U.S. markets could recover after Thursday’s heavy losses. Futures for the Dow Jones Industrial Average edged 0.55% higher.
The Nasdaq Composite Index dropped 3.7% Thursday, its largest one-day decline since September 2020. Facebook owner Meta Platforms lost a record $232 billion in market value Thursday after releasing a disappointing financial forecast, while shares of other companies including
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