09.10.202500:08:16UTC+00US Futures Edge Higher After Tech-Fueled Rally

U.S. stock futures edged upward on Thursday following a substantial rise to new record highs in major indexes in the prior trading session, primarily driven by notable gains in technology stocks. In Wednesday's trading, the S&P 500 increased by 0.58%, and the Nasdaq Composite advanced by 1.12%, with both reaching new milestones, while the Dow Jones Industrial Average remained unchanged. The surge was largely fueled by significant advances in AI-focused large-cap stocks and semiconductor firms. AMD experienced a considerable boost of 11.4%, fueled by investor enthusiasm regarding its collaboration with OpenAI. Nvidia saw a 2.2% rise after CEO Jensen Huang disclosed a significant uptick in computing demand this year. Other leading technology companies also saw gains, with Broadcom increasing by 2.7%, Micron Technology by 5.8%, Tesla by 1.2%, Amazon by 1.5%, and Oracle by 1.5%. Concurrently, the release of the Federal Open Market Committee (FOMC) minutes highlighted diverse perspectives on future policy outlooks. Investors now turn their attention to upcoming remarks from Federal Reserve Chair Jerome Powell later today. Additionally, earnings reports from Delta Air Lines and PepsiCo are anticipated.