Wall Street Set For Modest Gains As Tech Stocks Lead Pre-Market Rally

robot
Abstract generation in progress

Stock market indicators suggest a cautious opening on Friday, with equity index futures displaying modest strength heading into the trading session. The S&P 500 futures are trading approximately 0.1 percent higher, reflecting a cautious bullish sentiment following Thursday’s robust recovery.

The rally appears to be fueled by substantial moves in technology and semiconductor names. Oracle (ORCL) is experiencing significant pre-market momentum, with shares climbing over 4 percent after the company reached an agreement to operate U.S. TikTok operations through a joint venture involving Oracle and investment firm Silver Lake. Meanwhile, Nvidia (NVDA) is witnessing notable strength following reports that the Trump administration has approved reviews potentially allowing shipments of advanced AI processors to Chinese markets.

Semiconductor specialist Micron Technology (MU) continues to attract investor interest after delivering quarterly results that exceeded analyst expectations, paired with robust forward guidance that helped drive broader market sentiment on Thursday.

Market Recap From Thursday’s Session

Thursday delivered a convincing rebound after a period of selling pressure, with technology-focused indices leading the charge. The Nasdaq Composite gained 313.04 points or 1.4 percent, closing at 23,006.36. The broader S&P 500 advanced 53.33 points or 0.8 percent to reach 6,774.76, while the Dow Jones Industrial Average edged up 65.88 points or 0.1 percent to 47,951.85.

Economic Calendar And Regional Markets

Investors will monitor the National Association of Realtors’ report on November existing home sales, projected at an annual rate of 4.15 million units versus October’s 4.10 million. Additionally, the University of Michigan’s revised consumer sentiment index for December is anticipated to reach 53.4, representing an upward revision from the preliminary 53.3 reading.

Asian markets demonstrated strength during Friday’s regional trading, with Japan’s Nikkei 225 surging 1.0 percent and Hong Kong’s Hang Seng climbing 0.8 percent. European markets displayed mixed trading, as France’s CAC 40 declined 0.1 percent, the British FTSE 100 remained near flat, and Germany’s DAX fell 0.1 percent.

Commodities And Currency Movements

Energy markets showed resilience with crude oil futures trading at $56.53 per barrel, up $0.38 from Thursday’s close at $56.15. Gold futures, the traditional safe-haven asset, advanced $1 to $4,365.50 per ounce, recovering from the previous session’s $9.40 decline to $4,364.50.

Currency markets reflected modest shifts, with the dollar strengthening to 157.31 yen compared to Thursday’s 155.56 yen close. Against the euro, the greenback moved slightly higher to $1.1714 versus the previous $1.1721 level.

Disclaimer: This analysis represents market observations and does not constitute investment advice.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)