U.S. stock futures moved higher on Tuesday morning, recovering from the selloff on the first trading day of December. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.42%, 0.26%, and 0.09%, respectively, at 8:05 a.m. EST on December 2.
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During Monday’s regular trading, the three major indexes closed lower, marking a sluggish start to what is usually a positive trading month. Weakness in technology stocks and a notable drop in Bitcoin (BTC-USD) prices weighed on overall market sentiment. The Dow Jones fell 0.90%, while the S&P 500 and Nasdaq Composite decreased by 0.53% and 0.38%, respectively.
Turning to trending stocks, shares of MongoDB (MDB) surged 23% in Tuesday’s pre-market trading after the company delivered a Q3 beat and issued solid guidance. Furthermore, Credo Technology (CRDO) stock rallied more than 15% on strong quarterly earnings.
On the earnings front, investors await reports from CrowdStrike (CRWD), Marvell Technology (MRVL), GitLab (GTLB), and Okta (OKTA).
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