Investor Confidence Wavers as Asian Stocks Dip and China's Selloff Deepens

1 min read
Source: Bloomberg
Investor Confidence Wavers as Asian Stocks Dip and China's Selloff Deepens
Photo: Bloomberg
TL;DR Summary

US equity futures rose as strong earnings from Big Tech companies Alphabet Inc. and Microsoft Corp. boosted investor confidence in the economy. Contracts on the S&P 500 climbed 0.3% after falling the most in two months on Tuesday. Nasdaq 100 futures were up over 1%. PacWest Bancorp's announcement of a rebound in deposits also eased concerns over regional banks.

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