SOXQ is trading 1.79% up in pre-market as semiconductor shares strengthen.
- Nasdaq Composite futures are up 0.57% and NQ futures 0.55%; NVIDIA, Intel, AMD, and Broadcom are higher in pre-market trading, suggesting sector-wide momentum.
- July retail sales fell 0.6%, reinforcing expectations for steady Federal Reserve policy and supporting technology valuations.
- Brent is near $88.50 after a 6% weekly gain tied to Iran supply concerns; overnight Ukraine strikes keep risk cautious despite positive major U.S. futures.