US Futures Rebound
2026-10-09 12:14
By
Andre Joaquim
1 min. read
US equity futures were slightly higher on Friday as AI infrastructure stocks rebounded and Treasury yields maintained yesterday's pullback.
Contracts for the S&P 500 and the Nasdaq 100 gained 0.5% and 1%, respectively, approaching record highs from earlier in the week.
Chipmakers rallied as markets looked past speculative risks, shaking off concerns over a report that OpenAI's revenue could fall short of earlier estimates.
Broadcom, Micron, Marvell, AMD, and Lam Research each climbed more than 2% in premarket trading.
On the software side, Amazon, Alphabet, and Meta gained around 1% each.
The sector drew further support as SoftBank sought to raise $100 billion from Gulf investors for additional AI ventures.
Meanwhile, traditional sectors enjoyed respite as long-term yields pulled back from multi-decade peaks.
US President Donald Trump signaled that the US would not strike Iran before the midterm elections next month, cooling energy prices and inflation expectations.