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U.S. stocks appear set for a positive opening on Monday as Wall Street parses earnings amid a furious bull run in tech stocks and the Nasdaq 100 index.
President Donald Trump is scheduled to meet Intel Corp.’s (INTC) CEO, Lip-Bu Tan, on Monday. This comes after calls last week by the President for the resignation of Tan over “highly conflicted” ties to Chinese firms.
While Dow Jones futures rose 0.26% at the time of writing, the S&P 500 futures gained 0.11%, while the tech-heavy Nasdaq 100’s futures rose 0.14%. Futures of the Russell 2000 index were up 0.36%.
Meanwhile, the SPDR S&P 500 ETF (SPY) gained 0.13% at the time of writing, while Invesco QQQ Trust (QQQ) was up 0.07% on Monday morning. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘neutral’ territory.
Asian markets ended Monday’s trading session on a mixed note, with the Nikkei 225 leading with gains of 1.82%, followed by the TWSE Capitalization Weighted Stock index at 0.45%, and the Shanghai Composite at 0.34%.
The Hang Seng index declined 0.17%, while the KOSPI fell 0.1%.
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