Premarket stock futures reflect a cautious optimism

Premarket stock futures reflect a cautious optimism, with Nasdaq up 0.31% after chipmaker forecast revisions. S&P 500 futures rise 12 points, aided by stable oil prices and a softer dollar boosting exporter sentiment. The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 0.27% at $670.28, while the QQQ advanced 0.57% to $606.70, according to Benzinga Pro data. The federal government is due to run out of funding at midnight. President Donald Trump said Tuesday about a shutdown that "nothing is inevitable, but I would say it's probably likely." Technology shares continue to dominate premarket stock futures, pushing Nasdaq up 0.37%. Cloud revenue beats have become catalysts for bullish momentum, with traders eyeing potential breakouts at the open.