Nasdaq Futures Jump on Google, Amazon Earnings as ECB Sinks Euro
- Both tech companies surged after market as results surprised
- Risk assets were in demand after Draghi's stimulus comments
ECB's Draghi: QE to Last Beyond September 2016 If Needed
Technology stock futures surged amid better-than-expected earnings for Google Inc. and Amazon.com Inc. following a day when U.S. equities returned to their pre-correction levels. The euro slid amid signs the European Central Bank may bolster stimulus this year.
Google parent Alphabet Inc. and Amazon jumped more than 10 percent in extended trading, sparking a 3.5 percent surge in Nasdaq 100 Index futures. In the ordinary session, the Standard & Poor’s 500 Index briefly rose to a level that left it more than 10 percent above its August low and returned to a range it traded within before China rattled markets by devaluing the yuan on Aug. 11. The euro tumbled to a two-month low after ECB President Mario Draghi said the bank will consider adding to its bond-buying program before the end of 2015 to support the economy. Oil rallied.