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Tech-Driven Bid In Wake Of Amazon & Snapchat Earnings

EQUITIES

Post-market earnings from Amazon & Snapchat allowed the U.S. tech space to erase a portion of Thursday’s losses, with the NASDAQ 100 e-mini contract last +~2% (after the cash version of the index shed ~4.2% on Thursday). The S&P 500 e-mini is +1.2% last, while the Dow contract trades ~0.6% above settlement levels (with the varied performance owing to relative sensitives to the tech space).

  • Meanwhile, the Hang Seng benefitted from the relative stabilisation in broader equity indices in recent sessions as Hong Kong markets re-opened after the LNY holiday. While its large tech exposure allowed the index to benefit from the aforementioned uptick in NASDAQ e-minis. The Hang Seng is +3.1% last.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
AT&T Market NewsEM BulletHomepageEmerging Market NewsCommoditiesEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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