U.S. stock futures plunges Thursday as a rebound in technology stocks looks like to fade.
U.S. Stock market futures tied to the S&P 500 slipped 0.3% and futures linked to the tech-heavy Nasdaq declines 0.2%, signaling the U.S. markets were set to open lower later Thursday. Pan-continental Stoxx Europe 600 fell 0.2%.
In after-hours trading, shares of GameStop Corp. (NYSE: GME) fell 15.3% after the retailer reported fiscal second-quarter results that missed the Wall Street estimates.
AstraZeneca plc (NYSE: AZN) shares surged 1.9% premarket on Thursday after the company’s chief executive stated that a Covid-19 vaccine it is developing with the University of Oxford will be ready by the end of the year.
There is constant volatility in big tech names such as Apple, Amazon and Microsoft stocks, has dominated markets in recent days. On Wednesday, tech shares rose broadly following three-session selloff that pushed the Nasdaq composite index into correction territory.