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Barchart
Oleksandr Pylypenko

Stocks Set to Open Higher as Chipmakers Rebound, Corporate Earnings in Focus

PM United States Corporate Earnings Advanced Micro Devices Beth Hammack ECB Alphabet China Shanghai Composite Index Google Micron Technology

September S&P 500 E-Mini futures (ESU26) are up +0.30%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.59% this morning, buoyed by a mild rebound in chip stocks at the start of an earnings-packed week.

Chip stocks advanced in pre-market trading as investors stepped in to buy the dip following a rout that pushed the high-profile group into a bear market. Micron Technology (MU) was up over +4%, Advanced Micro Devices (AMD) was up more than +2%, and Marvell Technology (MRVL) was up about +2%.

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