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US stock futures grow on tech rebound
U.S. stock futures rose, led by the technology sector, after a decline on Thursday due to a disappointing earnings report from OpenAI. The Nasdaq 100 futures increased by 0.8%, the S&P 500 by 0.4%, and the Dow Jones Industrial Average by 0.2%. The sector experienced a drop yesterday Thursday following OpenAI’s announcement that its annual revenue reached $50 billion by the end of September, compared to the previously circulated figure of $68 billion. It is worth noting that this figure includes revenue from partners. Technology stocks such as SpaceX, which surged by 4%, as well as Lumentum and KLA, which rose by 5% and 2% respectively, gained ground. Meanwhile, telecommunications stocks like AT&T, Verizon, and T-Mobile declined due to concerns over increasing competition. Overall, the Nasdaq posted its largest daily loss since mid-August, falling more than 1% after experiencing a rally earlier in the week.
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