(Bloomberg) — US stocks were poised for a rebound amid a rally in tech companies, with data showing labor-market softening bolstering the outlook for rate cuts. The euro wavered as the European Central Bank remained on hold.
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Futures on the tech-heavy Nasdaq 100 outperformed after a solid outlook from Taiwan Semiconductor Manufacturing Co. spurred a rally in chipmakers. Netflix Inc. is due to report results after market close. Meta Platforms Inc. has explored a multibillion euro investment into the maker of Ray-Ban sunglasses, the Financial Times reported. Homebuilder D.R. Horton Inc. wavered after reporting weaker-than-expected quarterly orders.
Initial jobless claims increased by 20,000 to 243,000 in the week ended July 13, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 229,000…
