Home Market News Nasdaq, S&P, Dow look to rebound after bruising selloff

Nasdaq, S&P, Dow look to rebound after bruising selloff

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Nasdaq, S&P, Dow look to rebound after bruising selloff
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The stock futures are attempting to bounce back on Friday after two consecutive sessions of selling pressure following the Federal Reserve’s recent monetary policy meeting. Currently, Dow (INDU) futures are slightly higher, while those tied to the S&P 500 (SPX) and Nasdaq (NDX:IND) are up 0.3% and 0.5%, respectively.

Providing a boost to market sentiment is another round of merger and acquisition news. The United Kingdom announced “reasonable grounds” for Microsoft’s $69 billion acquisition of Activision Blizzard, paving the way for the deal to be fully approved. Additionally, Cisco’s announcement to acquire cybersecurity company Splunk for $28 billion on Thursday adds to the positive sentiment.

Looking at the economic calendar for Friday, investors can expect data on the flash Composite Purchasing Managers’ Index at 9:45 AM, followed by the Baker Hughes Rig Count at 1 PM ET. There are also scheduled speeches from Federal Reserve officials Lisa Cook and Mary Daly.

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