Nasdaq 100 Futures Rise 1.4% as Market Tries to Rebound After 6.4% Drop
Summary
- Nasdaq 100 futures rose more than 1.4%, pointing to the possibility of a partial rebound in stocks after the previous day’s sharp selloff.
- The report said bargain buying appeared to be coming in after the Nasdaq 100 index plunged about 6.4%.
- With Nasdaq 100 futures rebounding, attention is on whether major technology stocks can recover part of the previous day’s losses after the regular session opens.
Forecast Trend Report by Period
Nasdaq 100 futures rose, signaling that stocks could stage a partial rebound after the previous session’s sharp selloff.
CoinDesk, a cryptocurrency-focused media outlet, reported on November 6 that Nasdaq 100 futures were up more than 1.4%. The move followed a roughly 6.4% plunge in the Nasdaq 100 index a day earlier, as bargain buying appeared to emerge.
U.S. stocks fell sharply in the previous session, led by technology shares, as concerns grew that regulation of the artificial intelligence industry could tighten after Democrats took control of both chambers in the midterm elections.
With Nasdaq 100 futures rebounding, attention is turning to whether major technology stocks can recoup part of the previous day’s losses after the regular session opens.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.