The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. REUTERS/Jeenah Moon
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- Megacap tech stocks lead declines
- Starbucks falls on partnering with Meituan
- Goldman Sachs earnings eyed
- Futures down: Dow 0.69%, S&P 1.07%, Nasdaq 1.70%
Jan 18 (Reuters) – Futures tracking the technology-heavy Nasdaq 100 index slumped almost 2% on Tuesday as traders returned from a long holiday weekend to position for a more hawkish Federal Reserve ahead of a policy meeting next week.
Rate-sensitive tech stocks came under pressure as two-year Treasury yields , which track short-term rate expectations, crossed 1% for the first time since February 2020.
U.S.-listed megacap tech companies including Google’s Alphabet (GOOGL.O), Apple (AAPL.O), Meta (FB.O), Amazon and Microsoft (MSFT.O) were last down between 1.5% …….
Source: https://www.reuters.com/business/nasdaq-futures-slump-2-rising-yields-spark-tech-rout-2022-01-18/
