Stock Market Update
28-Jan-26 08:29 ET
Futures point higher as semiconductors rise in premarket
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +14.00. Nasdaq futures vs fair value: +215.00.
The S&P 500 futures currently trade 14 points above fair value.
Chipmakers are poised to open with gains this morning after several earnings reports and headlines. Seagate Tech (STX 407.29, +35.53, +9.6%) topped expectations and issued upside guidance, lifting memory storage peers such as Micron (MU 426.59, +16.35, +4.0%) and Western Digital (WDC 270.79, +18.13, +7.2%).
Meanwhile, Intel (INTC 46.27, +2.34, +5.3%) also rises in the premarket after Digitimes reported that NVIDIA (NVDA 191.91, +3.39, +1.8%) is looking to shift its 2028 chip production to Intel.
