Spx stock futures risk-on sentiment lifts SPX stock

Risk-on sentiment lifts SPX stock futures to 5,128, led by financial stocks after strong bank earnings. Analysts note that credit spreads tightening further could be a bullish confirmation for the index. Semtech (SMTC) is up more than +7% after Oppenheimer Securities upgraded the stock to outperform from market perform with a price target of $81. U.S. stock futures rise after S&P 500’s latest record high The SPX stock futures are trending upward at 5,122.75, recovering from yesterday’s intraday dip. Momentum indicators, including RSI and MACD, suggest short-term upside potential, provided macro data stays benign.