{"id":1979269,"date":"2023-07-21T08:20:01","date_gmt":"2023-07-21T12:20:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-inch-up-as-megacaps-recover-after-sharp-decline\/"},"modified":"2023-07-21T08:21:26","modified_gmt":"2023-07-21T12:21:26","slug":"futures-inch-up-as-megacaps-recover-after-sharp-decline","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-inch-up-as-megacaps-recover-after-sharp-decline\/","title":{"rendered":"Futures rise as megacaps rebound from steep drop."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffutures-inch-up-as-megacaps-recover-after-sharp-decline%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1979269&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) \u2013 U.S.\u200d stock index futures are on \u2063the rise, with\u2063 the \u200dDow\u200c aiming for its tenth consecutive day\u2062 of gains. After experiencing sharp losses in the previous session, megacap growth and \u200dtechnology\u2063 stocks are making a recovery.<\/p>\n<p>The blue-chip Dow outperformed other \u2063Wall\u200b Street indexes on Thursday, achieving its longest winning streak in\u200b almost six years. This was supported by\u2062 Johnson &#038; Johnson&#8217;s strong forecast, boosting the healthcare conglomerate&#8217;s stock.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The S&#038;P 500 and\u200d Dow are set to end the week on a positive \u200dnote, while the tech-heavy Nasdaq lags behind due to its previous session&#8217;s losses. Tesla and Netflix&#8217;s earnings reports failed to impress, causing a dip in the streaming video company&#8217;s stock. However, the megacap \u200belectric \u2062automaker has recovered 1.5% in premarket trading today.<\/p>\n<p>This year, the Nasdaq has seen\u2062 a remarkable 34.4% increase, driven by the rally in megacap growth and technology stocks. This\u2064 surge is fueled by \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-inch-up-as-megacaps-recover-after-sharp-decline\/\" title=\"Futures rise as megacaps rebound from steep drop.\">optimism surrounding artificial intelligence<\/a>, the resilience of the\u2064 U.S. economy, and expectations of \u200bthe Federal Reserve&#8217;s rate hike cycle coming to an end.<\/p>\n<p>Morgan \u200dStanley has \u2063raised its U.S. economic growth forecast for the year, citing a strong industrial sector and increased\u2064 public investment in infrastructure. They anticipate a more &#8220;comfortable&#8221; soft-landing for the economy.<\/p>\n<p>While the Federal Reserve is expected to implement a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jerome-powell-says-0-5-rate-hike-possible-in-may\/\" title=\"Jerome Powell Says 0.5% Rate Hike Possible in May\">25 basis point hike<\/a> at its upcoming meeting next week, market participants have mixed opinions on the future rate hikes.<\/p>\n<p>David Mericle, chief U.S. economist\u200b at\u2063 Goldman \u200cSachs, stated, &#8220;We expect Powell to cautiously avoid implying that the FOMC has already reached an agreement, but (we) are confident that \u200che does want to \u200cslow the pace and that \u2064the\u2062 FOMC will end \u2063up skipping in \u2062September.&#8221;<\/p>\n<p>At 5:30 a.m. ET,\u2063 Dow e-minis were up 35 points, or 0.1%, \u2063S&#038;P \u200c500 e-minis were\u2064 up 8.75 points, or \u200b0.19%, and\u200c Nasdaq 100 e-minis were up 52.5 points, or 0.34%.<\/p>\n<p>American\u2062 Express saw a slight increase of 0.4%,\u2064 while top oilfield services firm SLB slipped 0.3% in\u200b thin trading ahead of \u200dtheir second-quarter results due later in the day.<\/p>\n<p>Investors are also eagerly awaiting the special rebalancing of the multi-trillion dollar Nasdaq 100,\u200b scheduled to take\u2062 place at the close of trading today.<\/p>\n<\/p>\n<p>  (Reporting by Bansari Mayur Kamdar\u2064 in Bengaluru; Editing by Shinjini Ganguli)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/futures-inch-up-as-2\/attachment\/traders-work-on-the-floor-of-the-nyse-in-new-17\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Recording Artists Natasha Owens\u200b responds \u200bto Jason Aldean and\u2064 CMT &#8220;controversy&#8221; with anti-woke and conservative music.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>News\u2064 Commentator \u2062and Podcaster, Jess Weber,\u200c discusses the latest \u2064assault on \u200cour language, morals, and values.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Pastor Tom Hughes and Pastor Billy Crone discuss\u200b the striking predictions in \u200dthe \u2064Bible and\u200c modern-day life. We delve into end times prophecies and how we are \u200ctruly living in the last days.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Pastor Tom Hughes and Pastor Billy Crone discuss the\u200c striking predictions in the Bible and modern-day life. We delve into end times prophecies and how we are truly living\u200d in the last days.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Georgina Lee and Faith\u200c Hung HONG KONG\/TAIPEI (Reuters) &#8211; Investors are putting aside geopolitical tensions to pile\u2062 into Taiwan stocks, with\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Diane Bartz and Krystal Hu WASHINGTON\/NEW YORK (Reuters) &#8211; \u200cTop AI companies including OpenAI, Alphabet, and Meta Platforms \u2063have made voluntary\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Sam Nussey and Miho Uranaka TOKYO\u2062 (Reuters) &#8211; Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp aims to list a joint venture \u2063being\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>STOCKHOLM (Reuters) &#8211; OpenAI&#8217;s head of trust and safety \u200dDave Willner is leaving the company, \u2062he\u2064 said \u2062in a\u2063 LinkedIn \u200cpost on\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock futures rose, with the Dow heading for a tenth consecutive day of gains. Megacap growth and tech stocks rebounded after a previous session&#8217;s losses. The Dow outperformed other Wall Street indexes, achieving its longest winning streak in nearly six years.<\/p>\n","protected":false},"author":66,"featured_media":1979270,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1979269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1979269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1979269"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1979269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1979270"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1979269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1979269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1979269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}