Nasdaq 100 futures rise 1.63% as chip stocks strengthen premarket

  • Nasdaq 100 futures rose as U.S. semiconductor shares strengthened before trading opened.
  • 9.38%: Direxion’s three-times long semiconductor ETF recorded the largest listed gain.
  • MSX.COM listed ASML and SanDisk down 2.59% and 3.20%, respectively.

Nasdaq 100 index futures rose 1.63%, while U.S. chip and semiconductor shares broadly strengthened before the market opened. Nvidia gained 2.25%, Taiwan Semiconductor Manufacturing Co. rose 1.77%, Broadcom added 2.50%, and SK Hynix climbed 3.62%. Other notable advances included Arm Holdings at 4.93%, Coherent at 4.67%, Marvell Technology at 4.52% and Lam Research at 4.37%. The Direxion three-times long semiconductor ETF, a leveraged fund targeting triple daily returns, rose 9.38%. ASML and SanDisk were listed as down 2.59% and 3.20%, respectively, while the remaining named stocks posted gains, according to MSX.COM data cited by Odaily Star Daily.

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