Nasdaq recovery set to lead gains on Friday as Intel boosts tech sentiment [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
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Source: Yahoo! Finance
US futures point to a positive start on Friday, with tech set to outperform as oil consolidates above $100 a barrel after President Donald Trump extended the Israel-Lebanon ceasefire by three weeks and said he would not rush negotiations with Iran. Nasdaq futures are up 1.5%, while those for the S&P 500 have gained 0.6%, and Dow Jones futures are 0.1% firmer. Wall Street ended Thursday on a softer footing as geopolitical tension and rising oil prices weighed on sentiment ahead of Intel's earnings. The Dow Jones fell 0.4%, the S&P 500 lost 0.4%, while the Nasdaq underperformed, down 0.9% as software and growth names came under pressure. “Geopolitical tensions remain elevated — the ceasefire is holding, but remains fragile,” said Swissquote senior analyst Ipek Ozkardeskaya, citing continued friction around Iranian oil flows and shipping risks in the Strait of Hormuz. Providing a boost for tech sentiment, Intel shares surged 27% in pre-market trading after first-quarter earnings
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