U.S. stock index futures edged higher on Tuesday, particularly in the semiconductor and technology sectors, following a rally on Monday. Investors were eagerly awaiting comments from Federal Reserve Chairman Jerome Powell to gain insight into the central bank’s monetary policy direction.
In premarket trading, Dow e-minis were up 0.08% at 39,681, S&P 500 e-minis rose 0.21% to 5,637, and Nasdaq 100 e-minis increased by 0.33% to 20,728.
Some notable gainers in the NYSE premarket session included Yatsen Holding Company, Sunlands Technology Group, and Lanvin Group Holdings. Conversely, the top losers premarket were Helios Technologies, ZKH Group Ltd., and DigitalBridge Group.
On the Nasdaq, the top gainers included Stardust Power, Pineapple Energy, and Soligenix, while the top losers were Indivior Plc, Shapeways Holdings, and Tempus AI.
Notable movements included Intel and Coinbase Global both seeing gains premarket, while Helios Technologies fell after its CEO was placed on leave pending an investigation.
Overall, the market appeared poised to extend its rally, with tech stocks and semiconductor companies leading the way. Bitcoin strength was also a factor in the market’s movements, with companies like Riot Blockchain and Clean Spark seeing gains. Investors were also keeping a close eye on comments from Powell for further guidance on the Fed’s monetary policy stance.
Article Source
https://www.tradingview.com/news/reuters.com,2024:newsml_L4N3J10T1:0-intel-crypto-stocks-tempus-ai/
