Stock futures edged slightly higher in overnight trading after a rise in technology stocks boosted the Nasdaq Composite to its third-straight positive day on Thursday. Futures on the Dow Jones Industrial Average gained 52 points, or 0.15%. S&P 500 futures added 0.24% and Nasdaq 100 futures rose 0.33%. Tech strength continued after hours as shares of social media companies Twitter and Snap each jumped following better-than-expected second-quarter earnings reports.
The major U.S. indexes closed Thursday’s regular trading session higher to notch a three-day win streak. The Dow rose 25.35 points, or 0.07%. The S&P 500 climbed 0.2% higher. The tech-heavy Nasdaq Composite led the markets with a 0.36% gain.
All three U.S. stock averages are on pace to close the week in the green for a fourth positive week in five, rebounding from last week’s losses and Monday’s sharp sell-off.
The strength in tech shares comes as the continued spread of the highly contagious delta Covid variant raises concerns about economic growth.