Nasdaq 100 Futures Jump 1% as Micron Forecast Lifts Asian Tech Shares
Updated
Updated · Bloomberg · Oct 1
Nasdaq 100 Futures Jump 1% as Micron Forecast Lifts Asian Tech Shares
3 articles · Updated · Bloomberg · Oct 1
Summary
Nasdaq 100 futures rose 1% and S&P 500 contracts gained 0.6% heading into the new quarter, extending a tech-led rebound after late swings on Wall Street.
Micron Technology’s upbeat forecast drove the move, lifting semiconductor and broader technology sentiment across Asia.
Japan’s Nikkei 225 climbed 2.9% and South Korea’s Kospi added 1.3%, while futures pointed to a weaker open in Europe.
Treasuries held their losses and the dollar strengthened, signaling that the equity rally was accompanied by firmer risk appetite and higher yields.