Techs Sell off, Futures Wane

Techs Sell off, Futures Wane

(MENAFN- Baystreet. ca) Techs Sell off, Futures Wane Advertisment U. S. stock futures were in negative territory early Friday morning as investors sold tech stocks again, a day after losses in the sector dragged down the rest of the market. Futures for the Dow Jones Industrials lost 160 points, or 0. 4%, to 35, 631. Futures for the S&P 500 doffed 31 points, or 0. 7%, to 4, 628. 25. Futures for the NASDAQ tumbled 193. 5 points, or 1. 2%, to 15, 673. 25. The tech-heavy index sustained heavy losses Thursday for its worst day since September. The market is divided on the week with the NASDAQ down 2. 9%, while the S&P 500 is off by 0. 9% and the Dow has shed just 0. 2%. Shares of one-time EV darling Rivian lost 10% in pre-market trading Friday after the truck maker said it will fall short of its 2021 production target. Elsewhere in the tech sector, Nvidia lost nearly 2% in pre-market trading, adding to its 6% loss on the week. Tesla shares were down another 1%, adding to their 9% loss on the week. FedEx shares jumped 5% after quarterly earnings and revenue results topped expectations