Live market futures futures for Nasdaq 100 surged 0

Futures for Nasdaq 100 surged 0.42% in early trading, fueled by semiconductor stocks following upbeat global chip shipment reports. Analysts note that the MACD crossover on the daily chart suggests continued momentum, with market breadth widening in favor of growth equities. "Should the government shutdown be prolonged and delay the release of governmental labor market data, it will be hard for Federal Reserve officials to say conditions have improved since the September FOMC meeting," said Oxford Economics analyst John Canavan in a research note . To be sure, the analyst noted the potential risks of a shutdown can worsen the longer it goes on. An extended shutdown that delays government data, and creates a fiscal drag on the economy, may mean this time could result in a different outcome. Nasdaq futures volatility tightened, suggesting traders are committing to positions ahead of Federal Reserve minutes release. Elevated positioning could spark larger moves if tone diverges from market expectations.