September S&P 500 E-Mini futures (ESU26) are up +0.48%, and September Nasdaq 100 E-Mini futures (NQU26) are up +1.10% this morning, pointing to a higher open on Wall Street after the long weekend.
Stock index futures were supported by a rebound in technology stocks at the start of a week that will once again test investors’ appetite for the AI trade. South Korean memory chipmaker Samsung Electronics is scheduled to report preliminary second-quarter earnings on Tuesday. Also, Elon Musk’s rocket and AI company SpaceX (SPCX) is set to join the Nasdaq 100 index before the opening bell on Tuesday. SK Hynix’s $29 billion U.S. listing is set to follow just a few days later, in what would rank among the biggest share sales in history.
