Futures rebound as Tesla, other growth stocks gain

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Reuters

(Reuters) – U.S. stock index futures rose on Thursday, led by Tesla and other growth shares following a broad selloff on Wall Street on worries over surging inflation and the path for interest rate hikes. The electric-vehicle maker’s shares jumped 3.5% in premarket trading as it sold 32,165 China-made vehicles last month, up sharply from 1,152 in April. UBS also upgraded Tesla’s stock to “buy” and raised its profit estimates for the next three years. Shares of other megacap companies, including Microsoft Corp and Apple Inc, gained 0.4% and 0.7%, respectively. The S&P 500 closed down 1.1% on We…

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