Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Tuesday after the Nasdaq index recorded its lowest finish since July 2020 in the previous session. The Philadelphia SE Semiconductor index fell around 3.5% on Monday after the US placed restrictions on exports of certain high-end chips to China.
If history is any guide, there may be good fortune ahead for shares of TransDigm Gr (NYSE:TDG). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.