Markets

Comeback in Tech Sector Sets Stock Futures Up For Strong Open

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Led by a significant rebound in the technology sector, stock futures were set to open higher on Friday as Wall Street's appetite for risk is rekindled by upbeat manufacturing data out of China and as oversupply issues dissipate in the energy complex.

Dow futures are 74 points above fair value, while Nasdaq futures are outperforming with a 0.30% gain.

At 8:30am ET, investors will get a look at consumer spending and income for June. Personal income is expected to increase 0.3% while spending will show just a 0.1% increase.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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