Nasdaq Futures Jump as Chip Stocks Gain, Brent Crude Holds Above $100
AI-summarised brief · reviewed before publication
U.S. stock futures rose on Friday, September 25, as AI‑related chip makers lifted the Nasdaq 100 futures 0.61% while the Dow and S&P 500 futures each gained 0.31%. Advanced Micro Devices, Marvell, Cerebras and Intel posted roughly 2% pre‑market gains, and Akamai Technologies surged 21% after announcing an $11.6 billion cloud services contract with Anthropic. Meta’s shares were flat but poised for a fifth straight weekly rise, buoyed by interest in its Muse AI agent. Brent crude stayed above $100 a barrel amid ongoing Iran‑related shipping concerns, while the 10‑year Treasury yield hovered near 5.1% and the 30‑year hit a 22‑year high of 5.5016%. A CME FedWatch tool showed a 71% probability of a 25‑basis‑point Fed hike in October, up from about 50% earlier in the week. U.S. equity funds recorded a net inflow of $37.6 billion for the week, the largest since mid‑June, with technology funds attracting $4.89 billion.
💡 Why It Matters
- · The rally underscores how AI‑driven chip demand can outweigh macro‑economic headwinds, steering capital toward tech even as bond yields climb and oil prices stay high.
