U.S. stock futures are pointing to a higher open, led by a strong rebound in the technology sector following impressive earnings. Investors are cautiously optimistic ahead of key economic data, particularly the upcoming PCE inflation report, which will influence future interest rate decisions.
Stocks to Watch * Micron Technology, Inc.: Surged over 15% in pre-market trading after reporting revenue that beat estimates and issuing strong forward guidance, citing high demand for its AI memory chips. * QUALCOMM Incorporated: Climbed 9% after raising its revenue forecast and announcing a new data center chip during its Investor Day event. * JPMorgan Chase & Co.: Rose after successfully passing the Federal Reserve's stress tests, leading to a 10% dividend increase and a new $50 billion share repurchase program.
Looking ahead, all eyes will be on the 8:30 AM economic data releases, with the Personal Consumption Expenditures (PCE) inflation reading expected to be the primary market-moving event.