This post was originally published on this site
Some high-flying technology shares have been battered in recent days as investors priced in an aggressive tightening of U.S. monetary policy despite concerns about the Omicron coronavirus variant.
Tesla (NASDAQ:TSLA) Inc rose 3.3% in premarket trading after dropping into bear market territory on an intraday basis on Monday, falling more than 20% from its record high close hit on Nov 4.
Intel Corp (NASDAQ:INTC) surged 8.1% after revealing plans to take Mobileye (F:0ME) public in the United States in mid-2022, a deal which could value the Israeli unit at more than $50 billion, according to a source.
Other chipmakers Advanced Micro Devices (NASDAQ:AMD), Micron Technology (NASDAQ:MU) and Nvidia (NASDAQ:NVDA) rose between 1.8% and 3.2%. Big tech stocks including Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) rose about 2% each in early trading.
At 5:30 a.m. ET, Dow e-minis were up 342 points, or 0.97%, S&P 500 e-minis were up 57.75 points, or 1.26%, and Nasdaq 100 e-minis were up 274.75 points, or 1.73%.
