CNBC: U.S. stocks were set to gain for a second day after starting the week with big losses.
Futures contracts tied to the Dow Jones Industrial Average jumped 139 points. S&P 500 futures gained 0.6%. Futures on the tech-heavy Nasdaq-100 Index, the relative underperformer for the week, snapped back by 1.
During regular trading, the Dow advanced 434 points for a gain of 1.29%. The S&P 500 and Nasdaq Composite gained 1.22% and 0.72%, respectively. Still, despite Thursday’s strong session, the major averages are on track for hefty losses for the week as inflation fears hit sentiment.
The Dow is down 2.2% for the week, while the S&P has shed 2.8%. Tech stocks have been hit especially hard, pulling the Nasdaq down 4.6% for the week.
Tech stocks were the biggest outperformers in premarket trading Friday. Tesla gained 2.5%. Twitter was up 2.2%. Facebook, Apple, Amazon, Netflix and Alphabet were all trading in the green.
