US STOCKS-Futures rise after two-day sell-off on Wall Street
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* Futures up: Dow 0.77%, S&P 0.96%, Nasdaq 1.31%
Google owner-Alphabet Inc (GOOG), Apple Inc (AAPL), Meta Platforms (FB), Microsoft Corp (MSFT), Amazon.com (AMZN) and Tesla Inc (TSLA) gained between 1.1% and 1.8% in premarket trading.
Citigroup (C) added 1.2% to lead gains among the big banks.
All the major indexes ended lower on Thursday, posting their second consecutive session of losses, dragged down by shares of Apple (AAPL) and network gear maker Cisco Systems (CSCO).
Disappointing forecasts from retailers including Walmart Inc (WMT) and Target Inc have rattled market sentiment this week, adding to evidence that rising prices have started hurting the purchasing power of U.S. consumers.
The S&P 500 and the Nasdaq are tracking their seventh straight week of losses, their longest losing streak since 2001, while the Dow is set for its eight consecutive weekly decline, its longest since 1932.
The indexes are down between 14.0% and 27.2% so far this
year as investors adjust to prolonged supply chain snarls,
COVID-19 lockdowns in
Traders are pricing in 50 basis point interest rate hikes by the U.S. central bank in June and July.
The benchmark index is down about 18.7% from its record
close on
At
Asian and European shares rebounded on Friday after
Among other stocks, Ross Stores (ROST) plunged 26.4% after
the discount apparel retailer cut its 2022 forecasts for sales
and profit.
(Reporting by