Stock Market Update
21-Oct-26 08:37 ET
Futures point to higher open amid semiconductor enthusiasm
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +22.00. Nasdaq futures vs fair value: +169.00.
Equity futures continue to point to a higher open this morning, with technology stocks leading the early strength. Enthusiasm surrounding earnings reports from SpaceX (SPCX 160.16, +12.37, +8.37%) and Super Micro Computer (SMCI 36.42, +3.95, +12.17%) is providing a boost to AI-related names, while Reuters reports that Micron (MU 925.76, +20.86, +2.3%) has signed deals with the Taiwan union, adding to the positive sentiment surrounding semiconductor stocks.
The VanEck Semiconductor ETF (SMH) is up 1.6% in premarket trading, suggesting that the group is poised for a rebound following yesterday's choppy session.
