U.S. stock futures on Friday pointed higher after a tech-led stumble, as investors prepare for a major reshuffling of a key index.
On Thursday, the Dow Jones Industrial Average DJIA rose 164 points, or 0.47%, to 35225, while the S&P 500 SPX declined 31 points, or 0.68%, to 4535, and the Nasdaq Composite COMP dropped 295 points, or 2.05%, to 14063.On Thursday, the Dow Jones Industrial Average DJIA rose 164 points, or 0.47%, to 35225, while the S&P 500 SPX declined 31 points, or 0.68%, to 4535, and the Nasdaq Composite COMP dropped 295 points, or 2.05%, to 14063.
“The current market is priced for perfection. When a company comes out, beats, and guides higher, it still can go down if there are any concerns or worries,” said Louis Navellier, the chairman and founder of Navellier & Associates, pointing to Tesla’s results in particular.
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