U.S. stock futures reverse higher as Micron and SanDisk rebound premarket
Major U.S. index futures turned positive after earlier losses, while Micron and SanDisk swung from drops of more than 4% to gains above 1%; Nebius and CoreWeave also rebounded.
Major U.S. stock index futures, which were earlier lower with Nasdaq 100 futures leading declines, later reversed into positive territory in premarket trading, according to updated market data. Earlier weakness had been concentrated in semiconductor and storage stocks including Nvidia, Intel, AMD, Qualcomm, Seagate, Western Digital, SanDisk and Micron. In the later update, Micron Technology and SanDisk erased declines of more than 4% and rose more than 1%, while computing rental firms Nebius and CoreWeave gained 3% and 2% after falling 17% and 14% in the previous session.
- premarket: Trading activity and price moves that occur before the official opening of the U.S. stock market.
- Nasdaq 100 futures: Contracts tied to the Nasdaq 100 index that indicate expected market direction before regular U.S. trading begins.
- semiconductor: An industry that designs and makes chips used in computing, memory, communications and other electronic devices.