Wall Street Futures Rise as Chipmakers Rebound
U.S. stock indexes are set to open higher as chipmakers like Marvell and Broadcom recover from recent selling pressure. Sentiment improved following a halt in attacks between Iran and Israel, while investors await upcoming consumer price data for fresh clues on the path of inflation and interest rates.
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United States equity futures rose on Tuesday morning as Nasdaq 100 E-minis climbed 0.7% following a rebound in semiconductor stocks. Shares of BROADCOM INC and MICRON TECHNOLOGY INC rose as much as 4.2% premarket after a sharp selloff on Friday. Investors are weighing easing geopolitical tensions against persistent inflation risks and a pipeline of technology initial public offerings.
