U.S. stock index futures were higher early Thursday, led by Nasdaq futures, as Nvidia’s quarterly earnings surpassed a high bar. Meanwhile, Dow futures dipped as Boeing shares declined.
“Basically, semiconductors in general are considered to be early cycle. So they are leading indicators for the rest of the technology space,” said Ivana Delevska, founder and CIO of Spear Invest, during a phone interview with MarketWatch. Shares of Palantir Technologies PLTR, +4.29%, Advanced Micro Devices AMD, +3.57% and OpenAI investor Microsoft MSFT, +1.41% rose in premarket action.
“The rally in U.S. stocks and the retreat of Treasury yields followed underwhelming economic reports as the market fell back into the ‘bad news is a good’ mode,” said Stephen Innes, managing partner at SPI Asset Management.
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