US equity futures surge after miserable week for the Nasdaq


U.S. stock index futures rose on Sunday night, as a series of trades raised hopes that struggling stocks would recover after the high-tech Nasdaq ended its worst week since March. As of 10 p.m. EST, Dow Jones Industrial Average futures YM00,
+ 1,07%
were up around 250 points, or 0.9%, while S&P 500 ES00 futures,
+ 1,16%
gained 1% and Nasdaq-100 NQ00 futures,
+ 1,39%
increased by 1.1%. Investors were encouraged by Sunday after Gilead struck a $ 21 billion deal to acquire Immunomedics, Nvidia agreed to a $ 40 billion deal to buy Arm Holdings from SoftBank in Japan, and Oracle appeared poised to take over TikTok’s US operations. Stocks closed slightly higher on Friday, but ended the week sharply lower. For the week, the Dow DJIA,
+ 0,47%
lost 1.7%, while the S&P 500 SPX,
+ 0,05%
down 2.5% and the Nasdaq COMP,
fell 4.1%


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