Futures Drop on Tech Worry; Europe Stocks Recover: Markets Wrap [Yahoo! Finance News]
Twitter, Inc. (TWTR)
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Source: Yahoo! Finance News
(Bloomberg) -- Fresh concerns about the outlook for technology giants fueled a decline in stocks and U.S. equity-index futures on Friday. European shares erased declines after a string of positive earnings reports.Nasdaq 100 contracts fell as much as 2.7% after profit misses from Twitter Inc. and Apple Inc. In Europe, tech stocks also faltered, though a rally in bank stocks led a recovery of the benchmark Stoxx Europe 600 index after Banco Bilbao Vizcaya Argentaria SA and two other Spanish lenders reported an improved picture for soured loans. Total SE climbed after posting third-quarter profit that exceeded the highest analyst estimate, while maintaining a dividend.The dollar and Treasuries were steady, while European bonds slipped. Crude oil edged higher in New York.Weakness in technology shares is adding to volatility that’s likely to remain elevated heading into next week’s U.S. election. Global equities are on course for the worst weekly decline since March as lockdown measures i
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