Nasdaq Futures Jump 1.3% as Chip Stocks Rebound — SkimNews
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- Nasdaq-100 futures (NQ=F) surged 1.3% as semiconductor names led the premarket charge ahead of a heavy slate of Big Tech results later this week.
- Dow futures (YM=F) rose 0.3% and S&P 500 futures (ES=F) gained 0.5%, recovering after Monday's selloff tied to rising US-Iran tensions.
- South Korea's KOSPI Composite climbed over 2% (ticker showed +3.56%), driven by chip strength and confirming a global semiconductor rebound before US markets opened.
- Nvidia (NVDA) edged higher premarket after disclosing it had taken a stake in neocloud provider Nebius, adding another data point to AI infrastructure optimism.
- President Trump unveiled 50% tariffs on an array of Canadian goods — beer, hockey sticks, milk, and chemicals — set to take effect in 30 days, with Canadian oil imports exempted.
- Brent crude eased slightly Tuesday after pushing back toward $90 per barrel Monday on the latest US-Iran flare-up, keeping energy prices near their highest since mid-June.
- General Motors, Halliburton, and 3M report earnings Tuesday, with Alphabet (GOOG/GOOGL) due Wednesday under heavy scrutiny over AI spending plans.
Why it matters: Semiconductor strength is echoing globally — Seoul's KOSPI up over 2% — just as fresh US-Canada trade frictions and an open US-Iran conflict keep Brent crude near $90/barrel. With Alphabet reporting Wednesday and Nvidia's Nebius stake already nudging its stock, Big Tech's AI capital-disclosure choices will decide whether the Nasdaq's 1.3% premarket jump survives the cash session.
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