US Futures Gain Ground
2026-02-12 12:53
By
Andre Joaquim
1 min. read
US equity futures rose on Thursday, gaining some traction after multiple swings last session as signals of a strong economy weighed against the consequential hawkish response by the Federal Reserve.
Contracts on the three main averages were 0.3% higher, with those on the Dow at a record high.
Companies in the tech sector diverged sharply in the week as those in the AI infrastructure extended their positive momentum, while bullish expectations for AI automation tools triggered displacement fears on software service providers.
Micron was 4% higher in pre-market trading after its CFO was optimistic on the production of key HBM4 product.
Also on the sector, Equinix rallied 8% after beating its guidance estimates, although Cisco fell 4% on a weaker forecast.
In turn, McDonald's inched higher after delivering its results.
Strong jobs data released yesterday favored the arguments of hawkish FOMC members, as markets await the January CPI tomorrow for the other side of the Fed's dual mandate.