Nasdaq futures extended gains in pre-US trading as semiconductor demand forecasts improved, bolstering tech-heavy index momentum and increasing market sentiment for growth stocks. What we will get this week are the minutes from the September FOMC meeting, which saw the Federal Reserve vote to cut rates for the first time this year. Applied Materials (AMAT) fell over -3% in pre-market trading after the chip equipment maker cautioned that new U.S. export rules would further hit its revenue. US stock indices futures indicated cautious optimism, supported by an uptick in tech sector sentiment after AI chipmaker earnings beat forecasts, leading Nasdaq futures to outperform, up 0.45% in premarket trade.
