Memory stocks rally as Micron and Sandisk lead gains amid mixed futures ahead of U.S. market open.
U.S. stock index futures showed mixed movements early Monday, with Dow Jones Industrial Average futures down 0.1%. In contrast, S&P 500 futures rose 0.4%, and Nasdaq-100 futures climbed 1.1% in premarket trading.
Memory sector stocks outperformed, with Micron Technology (MU) and Sandisk (SNDK) among the early gainers. The divergence follows recent strong second-quarter earnings reports from select S&P 500 companies, which exceeded analyst expectations.
West Texas Intermediate crude prices were also referenced in early trade, though specific movements were not detailed in premarket updates.