Futures up as Big Tech bounces from selloff; cyclicals rise

Published by
Reuters

By Shreyashi Sanyal (Reuters) – U.S. stocks were set to rise at the open on Tuesday as technology shares recovered from a sharp selloff, while economy-sensitive cyclical stocks were in favor ahead of closely watched monthly payrolls data later in the week. High-growth stocks including Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc rose between 0.2% and 0.6% in premarket trading. Facebook Inc was up 1.0% after taking a beating a day earlier, when its app and its photo-sharing platform Instagram were down for hours before being restored late in the evening. Most technology stocks wer…

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