Tech Stocks May Regain Ground Following Yesterday?s Sell-Off

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 18 July 2024 12:04:53 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to regain ground following yesterday?s sell-off. Traders may look to pick up tech stocks at relatively reduced levels following the steep drop on Wednesday, which saw the tech-heavy Nasdaq record its worst day since December 2022. Optimism about the outlook for interest rates may also generate early buying interest after the Labor Department released a report showing first-time claims for U.S. unemployment benefits climbed by much more than expected in the week ended July 13th. The Labor Department said initial jobless claims rose to 243,000, an increase of 20,000 from the previous week's revised level of 223,000. Economists had expected initial jobless claims to edge up to 230,000 from the 222,000 originally reported for the previous week. The major U.S. stock indexes turned in a mixed performance on Wednesday, with geopolitical concerns and profit warning from Dutch semiconductor firm ASML rendering the mood cautious. ... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits climbed by much more than expected in the week ended July 13th. The Labor Department said initial jobless claims rose to 243,000, an increase of 20,000 from the previous week's revised level of 223,000. Economists had expected initial jobless claims to edge up to 230,000 from the 222,000 originally reported for the previous week. The report said the less volatile four-week moving average also crept up to 234,75... [Read More]( --------------------------------------------------------------- Europe European stocks have moved mostly higher on Thursday after the European Central Bank announced its widely expected decision to leave interest rates unchanged. While the French CAC 40 Index has advanced by 0.8 percent, the U.K.?s FTSE 100 Index is up by 0.7 percent and the German DAX Index is up by 0.3 percent. Data showed U.K. wage growth softened in the three months to May period, raising hopes of interest rate cuts ahead of the Bank of England's rate decision next month. Wage ... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia Asian stocks fell broadly on Thursday as tech shares came under heavy selling pressure on signs of worsening trade tensions between China and the United States. Media reports suggested that Washington was mulling tighter curbs on exports of advanced semiconductor technology to China. Separately, Republican presidential nominee Donald Trump suggested Taiwan should pay the U.S. for defense in a controversial interview. The dollar lingered near a four-month low in Asian trading after the Japanese yen scaled a six-week high, sparking speculation of official intervention. Gold ed... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are edging down $0.14 to $82.71 a barrel after surging $2.09 to $82.85 a barrel on Wednesday. Meanwhil... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49