Stock futures rebound despite market pullback and tech slump.
TL;DR Summary
US stock futures indicate a rebound from recent losses as investors await key data on the US economy, including updates on home sales, durable goods, and consumer confidence. The Dow Jones Industrial Average and Nasdaq Composite both experienced losses in recent sessions. Lordstown Motors shares fell by 60% after the electric truck maker filed for bankruptcy protection and accused Foxconn of fraudulent conduct. Markets are on the lookout for any factor that could influence the Federal Reserve's thinking ahead of its July meeting.
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