Nasdaq 100 futures rose Tuesday night, following a sharp sell-off in all three major indexes.
Nasdaq 100 futures rose 0.2%, S&P 500 futures rose 0.05%, and Dow Jones Industrial Average futures rose 2 points, or 0.01%.
In extended trading, CrowdStrike shares rose 25%, beating the top and bottom of the fourth quarter, as well as strong guidance for the full year. Nordstrom shares fell 10% after warning of a potential sales decline in 2024.
The move comes after the three major averages posted declines for the second straight day. The Dow Jones Industrial Average fell 404.64 points, or 1.04%. The S&P 500 Index fell 1.02%, and the Nasdaq Composite Index
It fell by 1.65%.
Investors dumped big tech names, extending Tuesday’s losses and marking the worst day since Jan. 2 for the tech sector. Apple shares fell nearly 3% after a report from Counterpoint Research that iPhone sales in China fell 24% in the first six weeks of 2024. Microsoft dropped nearly 3%, dragging the broader market lower.
“The market is very resilient to a lot of different news,” said Jay Hatfield, founder and CEO of Infrastructure Capital Advisors. “It’s really just tech stocks crashing and everything else going up, so it’s more of a bull market than a straight bear market.”
