NASDAQ Looks to Build on Tuesday Rally

Dow Jones07-15 17:37
 
 

Tech stocks are back on top this morning after chip-machine supplier ASML delivered an encouraging report card on the AI boom.

The Dutch company, the maker of the world's most advanced chip-making equipment, reported record orders in its latest quarter and lifted its sales guidance for the second time, in a sign that spending to produce cutting-edge chips remains strong. Shares jumped in Europe.

Nasdaq-100 contracts are leading futures higher in the U.S., with semiconductor equipment maker Applied Materials among the biggest gainers premarket.

The mood was also upbeat in Asia, where SK Hynix's Korean-listed shares surged nearly 9%, continuing a stretch of topsy-turvy trading.

Oil prices are also climbing as hopes of a quick resolution to the Mideast conflict fade. Global bond yields are inching up.

Meanwhile, earnings season rolls on this morning. On the docket today: Updates from companies including Morgan Stanley, Johnson & Johnson and BlackRock.

 
 

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