Strong fiscal Q3 results from Micron drive premarket gains, with Nasdaq 100 futures outperforming broader markets.
US stock index futures rose in premarket trading, led by a 2.13% surge in Nasdaq 100 futures after Micron reported better-than-expected fiscal third-quarter earnings. S&P 500 futures climbed 0.74%, while Dow futures edged up 0.08%. Micron shares jumped in extended trading, reflecting investor optimism.
The gains follow Micron’s earnings release, which exceeded market expectations and provided a positive signal for the semiconductor sector. Prior to the report, futures had shown mixed movement, with tech stocks poised for a rebound after recent volatility.
The rally in Nasdaq futures suggests a potential rotation into growth-oriented sectors, particularly technology, as traders react to strong corporate performance.