US futures fluctuate following tech bounce; eyes on the ECB

Global stock

By Hussein Sayed After entering correction territory on Tuesday with an 11% decline from the highs, the c 100 rebounded strongly on Wednesday rising 3% and led by the most beaten-up stocks, with Zoom Video Communications and Tesla up 11% on the day. While a drop of this size from the peak sounds like a steep correction, it remains a minor one given the index had rallied 83% from the March lows in a mere five months. With a price to earnings ratio of 36, valuations for the index are…

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