Nasdaq-100 futures are trading significantly higher in the pre-market session, driven by a combination of positive macroeconomic news and strong earnings from a key technology bellwether. Softer-than-expected June inflation data has eased concerns about imminent interest rate hikes, providing a tailwind for growth stocks. Additionally, stellar second-quarter earnings from semiconductor equipment maker ASML, fueled by high demand for AI technology, are boosting the broader chip sector and inspiring confidence in tech-related growth.
Nasdaq futures surge on cooling inflation data and strong ASML earnings