The stock market is dealing with a lot of uncertainty about inflation, and the concerns among investors were evident on Friday morning even after Thursday's big drop in major market benchmarks. As of 7:30 a.m. ET, futures on the Dow Jones Industrial Average (DJINDICES: ^DJI) were down 75 points to 35,064. Futures on the S&P 500 (SNPINDEX: ^GSPC) had fallen 12 points to 4,486, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had dropped 49 points to 14,652.
Technology stocks have been hit hard during the downturn, both those that offer broad-based tech for customers in all industries and those that concentrate on certain niches to put tech to work. However, a couple of key players using tech to their advantage were on the move higher Friday morning. Below, let's take a closer look at why Zillow Group (NASDAQ: Z) (NASDAQ: ZG) and HubSpot (NYSE: HUBS) were gaining ground.
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For further details see:
Think Tech's Dead? These 2 Stocks Should Have You Thinking Twice Friday