U.S. stock futures rise modestly ahead of key inflation data, while Micron shares jump 2% after strong quarterly results.
U.S. stock futures showed cautious gains early Thursday as traders awaited the Federal Reserve’s preferred inflation gauge. Dow Jones Industrial Average futures added 0.1%, while S&P 500 futures rose 0.6% and Nasdaq-100 futures climbed 2%.
The moves follow a period of elevated market valuations, with investors balancing expectations for cooling inflation against recent economic data. Micron Technology (MU) led premarket gains, surging after reporting better-than-expected earnings, reflecting strong demand in the semiconductor sector.
Markets remain focused on the upcoming inflation report, which could influence the Fed’s policy outlook. Futures suggest a mixed open, with tech stocks outperforming broader indices.