Nasdaq 100 futures spiked 0.5% in early electronic trading, driven by renewed risk-on appetite after Treasury yields pulled back from monthly highs, prompting speculation about increased equity allocations among funds. "Heightened concerns about the Fed's independence has boosted gold in particular, while USD weakness and resilient risk asset performance are helping silver and the [platinum group metals] stay stronger for longer," commodities analysts at Macquarie said in a recent research note. Chip stocks are moving higher in pre-market trading amid continued AI optimism, with ON Semiconductor (ON) and Advanced Micro Devices (AMD) up about +1%. Dow Jones futures edged 0.2% higher, reflecting investor rotation into defensive dividend stocks, while market breadth improved, signaling a possible short-term base forming in industrials.