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Nasdaq futures hit a new record

23 July 2021
2444
1 min.
13
Nasdaq futures hit a new record

Record update

Futures on the Nasdaq high-tech index hit an all-time high on Friday on the back of strong quarterly results from social media operators and in anticipation of US business activity data.

Shares of Twitter (NYSE:TWTR) Inc rose 6.3% in over-the-counter trading after reporting better-than-expected quarterly earnings.

Snap Inc, owner of social network Snapchat (NYSE:SNAP), also beat expectations for revenue and subscribers. The company's market capitalization soared 17.3%.

Shares of other IT giants including Amazon.com (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) Inc, the parent of Google, are up 0.4-1.4%.

104 companies in the S&P 500 index have already reported for the second quarter, and 88.5% of them have reported financial results above consensus forecasts, something not seen since 1994, according to Refinitiv.

Investors are also waiting for data from IHS Markit on US manufacturing and service sector PMIs.

Dow futures were up 0.54% and S&P 500 futures were up 0.46%. Meanwhile, Nasdaq 100 futures were up 0.35%, having earlier surpassed the 15,000-point mark for the first time ever.

The indices may end on the plus side for the fourth week of the last five.

Shares of Intel Corp (NASDAQ:INTC) fell 1.9% after the company raised its full-year revenue forecast, while admitting it could end the year on a minor note.

Honeywell International was up 0.8% on the industrial conglomerate's quarterly profit rise of nearly a third.

Schlumberger NV's share price rose 1.5%. The oilfield services company reported profit growth in the second quarter.

Companies13 in the news

Schlumberger
1 place
IHS Markit
2 place
Snap
3 place
Refinitiv
4 place
Nasdaq
5 place
Dow Jones
6 place
Twitter
7 place
Intel
8 place
Microsoft
9 place
Apple
11 place
Amazon
12 place
Honeywell
13 place
Section:

Discussion

Rating companies
Nasdaq
103 Mention
Apple
89 Mention
Tesla
88 Mention
Amazon
76 Mention
Dow Jones
72 Mention
Facebook
60 Mention
Microsoft
48 Mention

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