U.S. stock index futures rose late Sunday, as a series of deals raised hopes that battered stocks would recover after the tech-heavy Nasdaq ended its worst...
U.S. stock index futures rose late Sunday, as a series of deals raised hopes that battered stocks would recover after the tech-heavy Nasdaq ended its worst week since March. As of 10 p.m. Eastern, Dow Jones Industrial Average futures YM00, +1.05% were up around 250 points, or 0.9%, while S&P 500 futures ES00, +1.15% gained 1% and Nasdaq-100 futures NQ00, +1.41% advanced 1.1%.
Investors were encouraged by Sunday after Gilead reached a $21 billion deal to acquire Immunomedics, Nvidia agreed to a $40 billion deal to buy Arm Holdings from Japan's SoftBank, and Oracle appeared poised to take over TikTok's U.S. operations. Stocks closed up modestly higher Friday, but ended the week sharply lower. For the week, the Dow DJIA, +0.47% shed 1.7%, while the S&P 500 SPX, +0.05% fell 2.5% and the Nasdaq COMP, -0.60% dropped 4.
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