Stock Futures are Slightly Changed after Continuing Sell-off of Tech Shares

US stock futures
US stock futures

U.S. stock futures were slightly changed in overnight trading on Tuesday after tech shares sold off for the continuous second day.

Dow Jones Industrial Average futures decreased by 0.1%. Nasdaq 100 futures and S&P 500 were also lower by about 0.1%.

HP company’s shares got a 7% up.

On Tuesday, the tech-heavy Nasdaq Composite was decreased by 0.50% and the S&P 500 gained 0.17% and Dow Jones Industrial Average was 194 points higher.

Treasury Yields have been rising since the renomination of J Powell as chairman of the Central Bank on Monday by President J Biden.

Senior Investment Strategist at U.S. Bank Wealth Management said, “It’s certainly a story of more rotation. The market is now with the Powell renomination thinking this is a reopening story, which sets aside any of the risks or concerns we might have about rising Covid infection rates.”