(Bloomberg) — US equity-index futures gained on Thursday, led by the Nasdaq 100, following a rally in Asian technology stocks amid signs China is easing a regulatory crackdown.
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Futures on the tech-heavy Nasdaq rose more than 0.6% after the index slumped almost 3% in the previous two trading days. Contracts on the S&P 500 were up about 0.3%. Tencent Holdings Ltd. joined a rally in Asian gaming stocks Thursday after China green-lit its latest clutch of blockbuster titles, reinforcing hopes Beijing is relenting on measures that have weighed on the tech sector.
The tech rally was a small ray of light on the penultimate day of trading for the year, with investors focused on concerns about the spread of Covid-19 from China. The Stoxx Europe 600 index slipped, while equity benchmarks in Japan, China, Australia and South Korea fell on thin trading volume. The 10-year Treasury yield fell about three basis points and a…
