Nasdaq 100 Futures Up 0.02% as AI Rally Lifts Tech ETFs
QQQ•Nasdaq 100 futures rose 0.02% while Dow and S&P 500 futures gained 0.09% and 0.08% overnight as technology stocks led gains. Invesco QQQ Trust recorded neutral retail sentiment even as SPDR S&P 500 ETF saw bullish positioning ahead of the April PCE price index release.
1. U.S. Futures Rise On AI-Driven Tech Rally
U.S. stock futures climbed overnight as technology sector gains powered a broader market advance. Dow futures rose 0.09%, S&P 500 futures gained 0.08%, and Nasdaq 100 futures added 0.02% by 9:41 p.m. ET.
2. ETF Sentiment Highlights Neutral QQQ Positioning
Among major ETFs, Invesco QQQ Trust held neutral retail sentiment while SPDR S&P 500 ETF saw bullish positioning and SPDR Dow Jones Industrial Average ETF Trust registered bearish sentiment. The iShares 20+ Year Treasury Bond ETF slipped about 0.20% as investors remained optimistic on equities.
3. Geopolitical Tensions And Upcoming Inflation Data
Markets largely disregarded fresh U.S. military strikes in Iran, focusing on the potential impact of the April Personal Consumption Expenditures price index due Thursday. Investors will watch PCE data for clues on inflation trends and future Federal Reserve policy decisions.
