September S&P 500 E-Mini futures (ESU26) are up +0.30%, and September Nasdaq 100 E-Mini futures (NQU26) are up +0.59% this morning, buoyed by a mild rebound in chip stocks at the start of an earnings-packed week.
Chip stocks advanced in pre-market trading as investors stepped in to buy the dip following a rout that pushed the high-profile group into a bear market. Micron Technology (MU) was up over +4%, Advanced Micro Devices (AMD) was up more than +2%, and Marvell Technology (MRVL) was up about +2%.
