Wall Street futures pointed moderately north pre-bell Monday, as traders showed interest in tech issues despite media reports that chip colossus Nvidia (NVDA) may delay commercialization of its next-generation AI server rack for 12 months due to manufacturing challenges.
In the futures, the S&P 500 rose 0.4%, the Nasdaq inclined 1% and the Dow Jones was flat.
The VanEck Semiconductor ETF (SMH) was up 2.2% pre-bell.
West Texas Intermediate crude oil traded down 0.1%, at $68.63 barrel, in morning hours.
Investors also look ahead to the Wednesday afternoon release of minutes of the June 16-17 Federal Reserve policy session, sure to be parsed for clues to central banker sentiments under new chair Kevin Warsh.
Asian exchanges traded unevenly overnight, while European bourses edged south midday on the continent, although German's DAX index struck a fresh all-time zenith.
On the economic calendar is the S&P Global final composite purchasing managers index, or PMI, for June at 9:45 am ET, followed by the ISM Services Index for June at 10 am.
In premarket action, Bitcoin traded at $62,817 and 10-year US Treasuries offered 4.46%. Spot gold commanded $4,154 an ounce.
Comments