S&P 500 futures tick higher as traders look to recover from tech-led sell-off: Live updates

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S&P 500 futures tick higher as traders look to recover from tech-led sell-off: Live updates

A trader works on the floor of the New York Stock Exchange. NYSE U.S. stock futures ticked higher Tuesday night as traders sought to recover from the prior session's big tech sell-off and looked …

A trader works on the floor of the New York Stock Exchange. NYSE U.S. stock futures ticked higher Tuesday night as traders sought to recover from the prior session's big tech sell-off and looked ahead to the release of Micron Technology 's earnings report S&P 500 futures added 0.2%, and Nasdaq 100 futures climbed 0.4%. Futures tied to the Dow Jones Industrial Average gained 7 points. Shares of Micron rose more than 2% in extended trading after the stock tumbled 13% in the regular session. Sandisk, which also suffered a 13% decline in the previous session, gained more than 2%. A rout in the technology sector dragged the S&P 500 and tech-heavy Nasdaq Composite lower on Tuesday, with the averages respectively losing 1.44% and 2.21%. The blue-chip Dow Jones Industrial Average shed 45.87 points, or 0.09%. Investors sold off semiconductor-adjacent stocks in Tuesday's session, with the VanEck Semiconductor ETF (SMH) ending the day 7% lower. Intel fell 6%, and Qualcomm shed 8%. Traders rotated into moved into more defensive names, lifting Walmart nearly 2% and boosting tech stalwart IBM 5%. "I think when you hear about the discussions on…around technical positioning exhaustion, those may be true, but I would argue there might be some fundamental risk emerging as well," said Dan Skelly, head of market research and strategy at Morgan Stanley Wealth Management, on CNBC's " Closing Bell: Overtime " on Tuesday afternoon. …

Original source: CNBC Top News

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Intel · FactSet · Walmart · Sandisk · Qualcomm · Microsoft · Nasdaq Composite · VanEck Semiconductor · New York Stock Exchange