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Tech Decline Part One: Five Reasons Tech Has Dropped

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What’s in Today’s Report:

  • Tech Decline Part One: Five Reasons Tech Has Dropped

Futures are higher as global tech shares rebound amid easing geopolitical fears with focus shifting to key tech/semiconductor earnings looming.

Economically, the U.K. Unemployment Rate held steady at 4.9% vs. (E) 5.0% while the German ZEW Survey’s Economic Sentiment figure jumped 8.3 points to 26.3 vs. (E) 18.0 helping shore up global growth estimates.

There are no notable economic reports today and no Fed officials are scheduled to speak, however there is a 6-Week Treasury Bill auction at 11:30 a.m. ET.

The quiet macro calendar will leave trader focus on earnings with HAL ($0.54), GM ($3.13), SCHW ($1.53), MMM ($2.27), ALK ($-0.97), COF ($4.88), and IBKR ($0.63) all due to report quarterly results today.

 

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