Stock Market Update
15-Dec-25 09:17 ET
Futures point to higher open as tech names look to rebound
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +38.00. Nasdaq futures vs fair value: +186.00.
The stock market is on track for a higher opening this morning as a range of tech names look to rebound from weakness in previous sessions.
The AI trade took a noticeable stumble last week as negative reactions to solid earnings reports from Broadcom (AVGO 359.02, -0.91, -0.3%) and Oracle (ORCL 189.20, -0.77, -0.4%) expanded into a broader sell-off.
Chipmakers were hit especially hard, with the PHLX Semiconductor Index retreating 3.6% for the week.
There seems to be some buy-the-dip interest in play this morning, as a number of prominent chipmakers trade higher in the pre-market. Micron (MU 247.41, +6.27, +2.6%) is an early standout, trading higher ahead of its earnings release after the close on Wednesday.
