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Wall Street futures rise on chip stock rebound
US stock futures rose on Thursday, driven by a rebound in chip stocks. Nasdaq 100 futures gained 0.55% to 29,651, S&P 500 futures rose 0.23% to 7,752, and Dow Jones Industrial Average…
The Story in Brief
US stock futures rose on Thursday, driven by a rebound in chip stocks. Nasdaq 100 futures gained 0.55% to 29,651, S&P 500 futures rose 0.23% to 7,752, and Dow Jones Industrial Average futures climbed to 54,063, according to NDTV Profit. Earlier reports from the same outlet showed slightly lower gains, with Nasdaq futures up 0.39% and the Dow at 54,028.
The upbeat mood follows a recent sell-off in technology shares. Investors are watching for cues on interest rates and corporate earnings. The chip sector, which had been under pressure, led the recovery on hopes of steady demand.
The Indian Opinion
A single day's rebound in chip stocks is being spun as a broad market turnaround. But the futures gains are modest, and the earlier lower numbers remind us how quickly sentiment shifts. The real test will come when earnings season begins and trade tensions resurface. Until then, celebrating a 0.5% move is like clapping for a single raindrop in a drought.
Sources (2): ndtvprofit.com, ndtvprofit.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
