Keyword → Nasdaq-100 futures

Tech Stocks Rebound After Holiday with Nasdaq-100 Futures Up 1% — AI Chip Slide Pauses as SMH Gains 2.4% Pre-Market

Nasdaq-100 futures climbed 1% and S&P 500 contracts rose 0.4% Monday as technology stocks rebounded from a late-June AI chip pullback that had briefly wiped $1 trillion in semiconductor market value. The VanEck Semiconductor ETF rose 2.4% pre-market. Last week, the Dow gained 2%, the S&P 500 added 1.8%, and the Nasdaq rose 2.1%, capping the best quarter since 2020. Monday's advance is also supported by Foxconn's record Q2 revenue print and the SpaceX Nasdaq-100 inclusion mechanics.

Nasdaq-100 Futures Rebound 1.2% on July 4 Holiday as Banks Raise S&P 500 Targets — Citi Sets 8,100, Goldman Sets 8,000

Nasdaq-100 futures rose 1.2% during abbreviated Independence Day holiday trading as Asian markets staged a 2% recovery after heavy semiconductor profit-taking earlier in the week. Citi raised its S&P 500 target to 8,100 and Goldman Sachs to 8,000, with both citing AI infrastructure earnings as the primary growth driver. The recovery comes after a mid-week slide in which the PHLX Semiconductor Index fell 6.7% in a single session following a near-doubling in Q2.