Global tech index gains lifted SMCI futures to $899, with spread trading between SMCI futures and semiconductor ETF futures narrowing. Analysts forecast upside if global supply chain bottlenecks ease by Q Columbia Acorn Fund stated the following regarding Super Micro Computer, Inc. (NASDAQ:SMCI) in its Q3 2024 investor letter : Euro futures (/6EU5) rose 0.44% this morning to put the currency in positive territory for the week. Uncertainty for Europe has cleared after the European Union struck a trade deal with the United States, and last week’s jobs report increased bets for a September rate cut from the Fed. Today’s move puts prices back above the 21-day exponential moving average. Futures traders monitor Fed rate signals that may influence tech valuations.
