Tech stocks were struggling for direction early Tuesday after a sharp selloff Monday. Futures on the Nasdaq 100 were edging up ahead of the open, after the technology-heavy Index tumbled 1.8% in the previous session as bond yields rose following strong retail sales data. The so-called Magnificent 7 stocks were mixed, with Tesla the group’s worst performer falling 2.6% in premarket trading.
Palantir, AMD, Ericsson, Amazon, and Other Tech Stocks in Focus Today
Apr 16, 2024
