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By Danilo
Hey, moomooers! Here are things you need to know before the opening bell:
-U.S. stock index futures jumped during early morning trading on Thursday, after tech stocks dipped again on Wednesday as investors digest the impact from higher rates.
-The chip maker Micron's disappointing projection still leaves some questions as to the health of the memory market.
Market Snapshot
U.S. stock index futures jumped during early morning trading on Thursday, after tech stocks dipped again on Wednesday as investors digest the impact from higher rates.
Futures contracts tied to the $Dow Jones Industrial Average (.DJI.US)$ gained 241 points. $S&P 500 Index (.SPX.US)$ futures and $NASDAQ 100 Index (.NDX.US)$ futures both also traded in positive territory.
Top News
U.S. stocks move higher in wake of wall street rout
The $Dow Jones Industrial Average (.DJI.US)$ and $S&P 500 Index (.SPX.US)$ rose a day after rising bond yields triggered the biggest rout on Wall Street in months.
U.S., Europe team up to address chip shortage, tech issues
The new U.S.-EU Trade and Technology Council said the two governments would develop common strategies to mitigate the impact of nonmarket practices at home and in third countries.
Port Logjams reach savannah as container ships idle off coast
The flotilla of vessels exceeds 20 ships at the fourth-largest gateway for seaborne imports in the U.S.
U.S. pending home sales rebounded sharply in August
The number of houses going under contract in the U.S. rose sharply in August following two months of declines, according to data from the National Association of Realtors.
Google refreshes its e-commerce amid ad race with Amazon
$Alphabet-A (GOOGL.US)$ $Amazon (AMZN.US)$ The internet giant is giving its product search pages a makeover after two decades of shifting strategies have left it playing catch-up for online retail ad dollars.
Micron hasn't memory-holed the chip shortage just yet
The chip maker $Micron Technology (MU.US)$'s disappointing projection still leaves some questions as to the health of the memory market.
Foxtel CEO says IPO up to owners of Australian pay-TV provider
Foxtel's future ownership is a matter for co-owners $News Corp-B (NWS.US)$ and $TELSTRA CORPORATION LTD SPON ADS EACH REP 5 ORD SHS (TLSYY.US)$, Chief Executive Patrick Delaney said.
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Fed's Powell says high U.S. inflation could last into early next year due to shortages
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg