Alphabet shares fell more than 8% last week as the Nasdaq Composite slid 4.6%, then rose in premarket trading Monday alongside a 1.2% jump in Nasdaq 100 futures on its first day as a Dow component. This rebound follows wider tech gains, with S&P 500 futures up 0.8% and Dow futures up 0.4%.
U.S. stock futures climbed Monday as technology names recovered from last week’s selloff. Nasdaq 100 contracts advanced 1.2%, S&P 500 futures rose 0.8% and Dow futures added 0.4%, fueling early gains in megacaps including Alphabet.
Alphabet began trading as a component of the Dow Jones Industrial Average for the first time, prompting index funds to rebalance and driving the stock higher in early hours. Elevated trading volume and broader market optimism supported the uptick.
Last week’s rotation out of tech hit Alphabet hard, with shares dropping over 8% as the Nasdaq Composite fell 4.6%. The sharp decline follows concerns over valuation and profit-taking after recent share price rallies.
