QQQ is trading 1.9% higher today as Nasdaq-100 futures rally more than 2%, led by strong Micron earnings that have revived confidence in the AI and semiconductor trade after a multi-day tech selloff.
- Tech is leading gains in broader U.S. equity futures as the sector recovers from recent downward pressure.
- Investors are positioning around a heavy slate of 8:30 AM ET macro releases, including GDP revisions, personal income and outlays, and durable goods orders.
- Markets are interpreting the current economic setup as supportive for growth stocks, despite lingering concerns regarding inflation.