Tech stocks were rising to start a busy week of earnings, as the sector looks to end a difficult month with a bang.
Nasdaq 100 futures rose 0.3% early Monday, led by technology stocks.
Nasdaq Composite
It rose 2% on Friday, capping off its best week since November. The index fell 2.8% in April, its worst pace since October.
SoFi technology
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The company, which released its results before the start of trading on Monday, rose 2.5%, making it one of the earliest stocks to rise. The fintech company’s stock ended 3.7% higher on Friday, but remains 21% lower for the year.
More tech earnings are scheduled for Monday, including ON Semiconductor before the market closes and Logitech International after the stock market closes.
Magnificent 7 stocks had a mixed start to the day, with Alphabet and Metaplatforms both falling. But Tesla led the charge, rising more than 6% after the electric car maker won preliminary approval from the Chinese government for advanced driver assistance services in the country.
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Nvidia
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Amazon
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Microsoft rose across the board, while Apple led the pack, rising 1.3%. Tech companies reporting earnings this week include Apple and Amazon.
One of them is Advanced Micro Devices.
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After rising 0.9% early Monday, the super microcomputer
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It rose 1.4% after the results were released late Tuesday. Other AI stocks also rose, with Palantir Technologies up 1.5% and C3.ai up 0.5%.
Email Callum Keown at [email protected].