CNBC TV1813h ago

Nasdaq 100 futures rise 1.2% as tech rebounds; Brent and WTI slide after OPEC+ output hike

OPEC+ said it would raise production from August, sending Brent and WTI down 1.4% and 1.2%, respectively. Foxconn, a major contract manufacturer, reported quarterly sales that beat expectations, reinforcing resilience in demand for AI hardware. Samsung Electronics is set to report earnings the next day, with the market looking for an 18-fold year-on-year jump in operating profit. Nasdaq 100 futures led US index futures higher with a 1.2% gain as technology shares rebounded.

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