Nasdaq Futures Rise, Focus Turns to Trump-Xi Meet: Markets Wrap

US equity-index futures advanced as traders bet the record-breaking rally driven by enthusiasm for the artificial intelligence trade has further room to run.

Contracts for the tech-heavy Nasdaq 100 Index climbed 0.7% and those for the S&P 500 Index rose 0.2% after both gauges closed at all-time highs on Wednesday. A strong outlook by Cisco Systems Inc. reinforced the bullish narrative for the technology sector, with the company’s shares surging 18% in extended trading. Asian shares climbed 0.2%, with South Korea leading with a 1.7% gain.