US Tech Futures Rise as Investors Await Micron Results
S&P 500 and Nasdaq futures edged higher on Wednesday as investors returned to technology shares following a significant selloff. Market attention is focused on upcoming results from Micron Technology and key inflation data due later this week as traders weigh the outlook for interest rates.
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S&P 500 and Nasdaq futures rose in the early morning on Wednesday as investors rotated back into technology shares following a $1 trillion market value rout. The rebound follows two sessions of declines triggered by concerns over high hyperscaler debt and a hawkish Federal Reserve. Stabilizing tech valuations are critical for broader market momentum after the Nasdaq 100 hit record highs earlier this year.
