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Futures Point to Negative Open, Tech Leading Losses

EQUITIES

US equity index futures are lower in pre-market trade, with the e-mini S&P off just over 20 points at pixel time. Tech stocks are leading losses pre-market, prompting some heavy underperformance in NASDAQ futures, which sit lower by around 1.5% ahead of the bell. Larger tech names, most notably Tesla, are lower - with the stocks till down 2.3% pre-market.

Despite the seemingly negative outlook for stocks at present, the major US indices are all comfortably above the Friday lows. This sees first support for the e-mini S&P at 3720.50/3728.50 - the Thursday/Friday lows respectively.

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