Stock Futures Signal Rebound as Dip Buyers Snap Up Tech Shares
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS equity futures pushed higher early Wednesday as traders snapped up technology shares after a pullback in the group, with enthusiasm around strong earnings outweighing a resurgence in inflation.
Contracts on the S&P 500 Index rose 0.2% as of 8:06 a.m. in New York, while those on the Nasdaq 100 Index gained 0.7%. Chipmakers, opticals and storage firms were advancing as supply for global memory chips, critical to artificial intelligence infrastructure build-outs, tightened further. Nvidia Corp. climbed 2.3% as Chief Executive Officer Jensen Huang is joining President Donald Trump on his visit to China.