US Futures Hold Mixed Momentum

2026-07-16 11:36 By Andre Joaquim 1 min. read

Futures for US equity indices continued to trade mixed on Thursday as volatility in the speculative chip sector diverged from traditional sectors depending on financial conditions.

Contracts for the S&P 500 and the Dow were muted, but those for the Nasdaq 100 fell 1%.

Chip producers fell sharply, consistent with Asian counterparts on skepticism that AI hyperscalers could pull capital expenditure in coming quarters.

Speculative demand in the sector was also dented by Korea prohibiting leveraged ETFs and signals of more efficient machines by ASML.

Micron sank 4% while Nvidia, AMD, Sandisk, and Broadcom dropped around 3%.

Still, other sectors remained robust.

UnitedHealth surged 7% premarket after beating earnings in its June quarter and raising its full-year guidance.

Also, Eli Lilly inched higher after acquiring AtaiBeckley for $2.8 billion.

Banks were in the green this week on strong results in their earnings season.

On the other hand, GE Aerospace dropped 4% after its report.



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