Semiconductor strength powered Nasdaq100 futures to a 0.4% gain, with the Philadelphia SE index touching new yearly highs. This outperformance underscores the market’s appetite for cyclical growth within the tech supply chain. I view Pfizer as one of the better bargains on the market. Its forward price-to-earnings ratio is under 9. That's well below the average forward earnings multiple of over 17 for the S&P 500 healthcare sector. CME Group and Nasdaq announced a ten-year extension of CME Group’s exclusive license to offer futures and options on futures based on the Nasdaq-100 and other Nasdaq indexes, through 2039. Nasdaq100 futures extended gains for the third consecutive session, testing 18,280, after Nvidia shares surged 3% in extended trade. The move reflects continued optimism in AI-driven revenue growth across the broader tech sector.
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