The coronavirus stock market rally began the next volatile week after closed previous week with modest losses. After the Nasdaq reached its record high on Tuesday, the technology sector backed market rally sold off sharply Thursday the previous week, fueled by the likes of Apple, Intel, Amazon, Google and Tesla stocks.
Dow futures pointed to an opening loss of more than 50 points, while S&P; 500 futures were little changed. NASDAQ-100 futures traded slightly higher.
The direction of the September E-mini NASDAQ-100 Index futures contract is likely to be determined by trader reaction to the 50% level at 10393.50.