MU - Dow S&P Nasdaq futures head higher as stocks look to rebound
2023-03-29 04:57:00 ET
While the major averages edged lower on Tuesday, things appear to be turning around in the premarket session. Dow futures ( INDU ) advanced 0.7% , while contracts linked to both the S&P 500 ( SPX ) and Nasdaq ( NDX:IND ) are ahead by 0.9% . If the gains hold, it would erase all of yesterday's losses and more.
Helping boost sentiment were fresh earnings from the retail and tech sectors. Lululemon is up nearly 15% premarket following a strong sales forecast , while Micron ( NASDAQ: MU ) got a slight lift with the chipmaker "confident" about its long-term outlook .
On the economic calendar, mortgage applications and the latest pending home sales data will be released this morning. Fed Vice Chair of Supervision Michael Barr will also appear before the House Financial Services Committee to testify on the regulatory response to the series of recent U.S. bank failures.
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Dow, S&P, Nasdaq futures head higher as stocks look to rebound