Stock Market Update

Equity futures continue holding modest gains with futures on the S&P 500 up eleven points above fair value.

This morning has seen a light flow of data and earnings news, but this evening will bring the release of Micron's (MU 127.90, +0.01, +0.0%) Q3 report. The market is anticipating a solid report, considering shares have rallied more than 100% off the April low (61.54), returning to levels last seen nearly a year ago.

Micron customer—NVIDIA (NVDA 149.19, +1.25, +0.85%)—is on course for a firmly higher start after HIVE Digital Technologies launched another GPU cluster using NVIDIA's advanced chips.