Nasdaq Futures Edge Up as Rate-Hike Fears Fade; Tesla Jumps 4.7%
IXIC sits 31% above its 52-week low of $20,690.249.
Summary
Nasdaq futures ticked up 0.2% Monday after Friday's 1.2% gain, as softer jobs data eased rate-hike fears. Tesla rose 4.7% on strong Q3 deliveries of 486,532 vehicles, while Western Digital and Seagate fell about 10% on Toshiba's AI hard-drive expansion. The dollar strengthened to a 17-month low against the euro, and oil eased near $101.60 Brent. Traders now see only 18% odds of an October Fed hike, with December at 88%. Watch Monday's ISM services report and Wednesday's Fed minutes for further direction.
At the time of this announcement, IXIC was trading at $27,190.86 on NASDAQ in the Technology sector. The 52-week trading range was $20,690.25 to $27,353.68. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.