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SpaceX's post-IPO lockup expiration and weak results from Sandisk and AppLovin are weighing on tech stocks Thursday
Vessels passing through the Strait of Hormuz following a ceasefire deal reached between the U.S. and Iran. (Shady Alassar/Anadolu via Getty Images)
U.S. stock futures pointed in different directions Thursday morning as traders tracked progress toward a deal to reopen the Strait of Hormuz while a fresh round of disappointing tech earnings rattled the Nasdaq $NDAQ.
Dow futures added about 133 points, or 0.24%, while S&P 500 futures edged up 0.13%. Nasdaq 100 futures fell 0.55%, pulled lower by sharp drops in Sandisk stock and AppLovin stock ahead of the open.
