Nasdaq set to open at record high ahead of business activity data
The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri
- Banks, energy stocks set to boost Dow
- Microsoft crosses $2 trillion in market cap
- Retail darlings Alfi, Torchlight extend losses
- Futures up: Dow 0.18%, S&P 0.11%, Nasdaq 0.11%
June 23 (Reuters) – The Nasdaq 100 index was set to open at a record high on Wednesday with investors razor focused on business activity data after Federal Reserve officials sought to calm fears of a sharp tapering of monetary stimulus.
Tech-heavyweights Facebook (FB.O), Apple Inc (AAPL.O), Amazon.com (AMZN.O), Nvidia (NVDA.O) and Microsoft Corp (MSFT.O) edged higher in premarket trading.
Microsoft also became the second U.S. firm to cross $2 trillion in market capitalization.
IHS Markit’s flash reading on manufacturing and services PMI data, due at 9:45 a.m. ET (1345 GMT), is expected to show a slight easing in business activity…
