Stock Market Update
12-Oct-26 08:32 ET
Semiconductor stocks on track for lower start
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +2.00. Nasdaq futures vs fair value: -120.00.
The S&P 500 futures currently trade two points above fair value.
Semiconductor names are on track for a lower open, with the VanEck Semiconductor ETF (SMH) down 0.8% in the premarket. Micron (MU 1,004.70, -24.20, -2.4%) is a laggard, with CNBC reporting that China's CXMT plans to begin producing next-generation memory chips, potentially intensifying competition with U.S. and South Korean chipmakers.
