June S&P 500 E-Mini futures (ESM26) are up +0.25%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.79% this morning, buoyed by gains in technology stocks, while investors gear up for crucial U.S. producer inflation data and the highly anticipated Trump-Xi summit.
Futures on the Nasdaq 100 outperformed as processor and memory chipmakers rebounded in pre-market trading. The rebound came as investors relied on the vast earnings potential of AI to offset concerns about elevated oil prices. Investors are also betting that the summit between U.S. President Donald Trump and China’s leader Xi Jinping could pave the way for a slew of trade deals, particularly around semiconductors.
