Nasdaq Futures Surge 2.3% and S&P 500 Futures Rise 0.8% on AI Earnings
SPY•S&P 500 futures rose 0.8% and Nasdaq futures jumped 2.3% in early trade after Micron’s Q3 blowout and Qualcomm’s aggressive AI data center targets reignited semiconductor optimism. SPDR S&P 500 ETF retail sentiment remains bearish as markets brace for the PCE inflation gauge, GDP revisions and durable goods data.
1. Futures Rally Propelled by AI Earnings
S&P 500 futures rose 0.8% and Nasdaq futures jumped 2.3% in premarket trading following Micron’s stellar Q3 earnings and Qualcomm’s multi-generation AI data center CPU deal, driving renewed enthusiasm across semiconductor and broader technology sectors.
2. Retail Sentiment Remains Bearish on SPY
Despite premarket gains, retail investors maintain a bearish stance on the SPDR S&P 500 ETF, suggesting a divergence between futures optimism and individual trader expectations.
3. Economic Data Awaits to Shape Rates Outlook
Traders are focused on the Personal Consumption Expenditures inflation gauge, GDP revisions, jobless claims and durable goods orders for signals on Federal Reserve policy, which could significantly affect SPY’s near-term volatility and performance.
