(Reuters) - Futures tracking the Nasdaq 100 index fell 1% on Wednesday, sliding for a seventh straight session as investors swapped growth-oriented technology shares with stocks that stand to gain the most from an economic rebound.
Up to Tuesday's close, the broader technology-heavy Nasdaq Composite index had lost 4.5% since Feb. 12, compared with a 0.3% rise in the blue-chip Dow. The benchmark S&P 500 slipped 1.4% in the same period.
By 1:40 a.m. ET on Wednesday, Nasdaq 100 e-minis were down 109.5 points, or 0.83%, Dow e-minis were down 100 points, or 0.32%, and S&P 500 e-minis were down 15.5 points, or 0.4%.
(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Subhranshu Sahu)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 15,612 PTS | -0.64% | -0.46% | - | ||
| 38,086 PTS | -0.98% | +0.82% | - | ||
| 17,431 PTS | -0.55% | +0.21% | - | ||
| 5,048 PTS | -0.46% | +0.74% | - | ||
