{"id":111081,"date":"2021-04-01T12:45:16","date_gmt":"2021-04-01T12:45:16","guid":{"rendered":"https:\/\/fin2me.com\/?p=111081"},"modified":"2021-04-01T12:45:16","modified_gmt":"2021-04-01T12:45:16","slug":"tech-stocks-lead-charge-ahead-of-jobless-claims","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/tech-stocks-lead-charge-ahead-of-jobless-claims\/","title":{"rendered":"Tech stocks lead charge ahead of jobless claims"},"content":{"rendered":"

How worried should Wall Street be about inflation? <\/h2>\n

Ladenburg Thalmann Asset Management CEO Phil Blancato discusses how global and political news can impact the economy and markets. <\/p>\n

The tech-heavy Nasdaq Composite was set for a hot start to the second quarter ahead of the latest data on weekly jobless claims.<\/p>\n

Nasdaq futures were higher by 0.91% while S&P 500 futures were up 0.24% and Dow Jones Industrial Average futures were little changed.<\/p>\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
MSFT<\/td>\nMICROSOFT CORP.<\/td>\n235.77<\/td>\n+3.92<\/td>\n+1.69%<\/td>\n<\/tr>\n
Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In stocks, Microsoft Corp. won a $21.9 billion contract to supply the U.S. Army with augmented reality headsets for the next 10 years.<\/p>\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
MU<\/td>\nMICRON TECHNOLOGY, INC.<\/td>\n88.21<\/td>\n+1.67<\/td>\n+1.93%<\/td>\n<\/tr>\n
WDC<\/td>\nWESTERN DIGITAL CORP.<\/td>\n66.75<\/td>\n+1.29<\/td>\n+1.97%<\/td>\n<\/tr>\n
Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In deals, Micron Technology Inc. and Western Digital Corp. are each exploring deals for Japanese semiconductor manufacturer Kioxia Holdings Corp. that would value the company at about $30 billion, according to The Wall Street Journal. Kioxia is also looking into a possible initial public offering, the report said.<\/p>\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
AMD<\/td>\nADVANCED MICRO DEVICES, INC.<\/td>\n78.50<\/td>\n+2.50<\/td>\n+3.29%<\/td>\n<\/tr>\n
INTC<\/td>\nINTEL CORP.<\/td>\n64.00<\/td>\n+0.23<\/td>\n+0.36%<\/td>\n<\/tr>\n
Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The news lifted shares of other semiconductors, including Advanced Micro Devices Inc. and Intel Corp.<\/p>\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
F<\/td>\nFORD MOTOR CO.<\/td>\n12.29<\/td>\n-0.18<\/td>\n-1.44%<\/td>\n<\/tr>\n
Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Elsewhere, Ford Motor Co. said it will cut production at seven North American plants due to the global chip shortage. The company will provide updated guidance on April 28.<\/p>\n\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
JNJ<\/td>\nJOHNSON & JOHNSON<\/td>\n164.62<\/td>\n-0.50<\/td>\n-0.30%<\/td>\n<\/tr>\n
EBS<\/td>\nEMERGENT BIOSOLUTIONS<\/td>\n92.91<\/td>\n+2.61<\/td>\n+2.89%<\/td>\n<\/tr>\n
Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Meanwhile, Johnson & Johnson shares slipped after a batch of its COVID-19 vaccine was discovered to have a problem in the manufacturing process overseen by Emergent BioSolutions Inc. The company did not reveal how many doses were ruined.<\/p>\n\n\n\n\n\n\n
Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
PFE<\/td>\nPFIZER INC.<\/td>\n36.23<\/td>\n+0.12<\/td>\n+0.33%<\/td>\n<\/tr>\n
Powered by<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Pfizer Inc. announced its COVID-19 vaccine was found to be 91% effective against the South African variant. The drug manufacturer said it plans to seek full regulatory approval from U.S. regulators.<\/p>\n

In commodities, West Texas Intermediate crude oil climbed $1.04 to $60.20 per barrel and gold ticked down $1.20 to $1,714.40 an ounce.<\/p>\n

READ MORE ON FOX BUSINESS BY CLICKING HERE<\/strong><\/p>\n

Overseas markets were broadly higher.<\/p>\n

Britain’s FTSE 100 was out front in Europe, trading up 0.52%, while Germany’s DAX 30 and France’s CAC 40 advanced 0.29% and 0.21%, respectively.<\/p>\n

In Asia, Hong Kong’s Hang Seng index surged 1.97%, Japan’s Nikkei 225 rallied 0.72% and China’s Shanghai Composite rose 0.71%.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

How worried should Wall Street be about inflation? Ladenburg Thalmann Asset Management CEO Phil Blancato discusses how global and political news can impact the economy […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nTech stocks lead charge ahead of jobless claims - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/tech-stocks-lead-charge-ahead-of-jobless-claims\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech stocks lead charge ahead of jobless claims - Fin2me\" \/>\n<meta property=\"og:description\" content=\"How worried should Wall Street be about inflation? 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