Dow Jones futures rose slightly after hours, along with S&P 500 futures and Nasdaq futures after the stock market rally staged a downside reversal. Intel, Roku and First Solar were big earnings movers overnight.
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The major indexes had a strong open Thursday, especially the Nasdaq, as Meta Platforms (META) and chip stocks roared higher. But the indexes reversed lower amid surging Treasury yields. The Dow Jones snapped a 13-day win streak, the longest since 1987. Better-than-expected GDP growth and other economic data buoyed stocks initially, but they also fueled yields.
META stock and chipmakers came well off early highs.
Meanwhile, ServiceNow (NOW) quickly reversed lower despite strong earnings and guidance. Microsoft (MSFT) added to Wednesday’s post-earnings losses, breaking key support. Some more-speculative AI plays, including C3.ai (AI) and Upstart Holdings (UPST) had…
