US stock futures slip as tech rally


US stock futures fell to a rebound in technology stocks on Thursday, ready to lose steam.
S&P 500 futures fell 0.3% and futures-tech Nasdaq-linked futures fell 0.2%, indicating that markets were expected to open lower on Thursday. Pan-Continental Stoxx Europe 600 fell 0.2%.
In offshore trading, shares in Gametop fell 15.3% after the retailer reported fiscal second quarter results missing Wall Street estimates. The company’s chief executive said shares at Oxford University gained 1.9%, a Kovid-19 vaccine, developing alongside Oxford University, could still be ready by the end of the year
Later on Thursday, investors will monitor the policy decisions of the European Central Bank and the release of the US weekly jobless claims.
In recent times, volatility in large technology stocks like Apple, Amazon.com and Microsoft has dominated the market. Tech stocks rose broadly after a three-session sell-off on Wednesday, pushing the Nasdaq Composite Index into the correction zone. The Nasdaq has gained more than 20% this year, despite recent moves falling short.
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