March S&P 500 E-Mini futures (ESH26) are up +0.26%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.60% this morning, buoyed by gains in technology stocks, while investors await the start of the Federal Reserve’s two-day policy meeting, as well as a new round of U.S. economic data and corporate earnings reports.
Futures on the Nasdaq 100 outperformed as chip stocks advanced in pre-market trading, led by a more than +5% gain in Micron Technology (MU) after the company said it will invest an additional $24 billion in Singapore over the next decade to expand manufacturing capacity amid an AI-driven memory chip shortage.
