Tech futures

For example, Portsmouth-based Kraken Technologies has developed the K3 Scout unmanned surface vessel (USV). Technology is back in the limelight, with optimism about artificial intelligence and an expected 0.25% Fed rate cut pushing S&P 500 and Nasdaq futures higher in early trades. Odds of a rate cut have soared to nearly 99%, according to the CME FedWatch tool, after a softer-than-expected ADP jobs report hinted at a slowing labor market. Meanwhile, Asia’s KOSPI index hit a fresh record as news broke of Samsung and SK Hynix teaming up with OpenAI to roll out massive data centers in South Korea, sparking a surge in tech shares across the region and feeding into upbeat sentiment worldwide. Investors are now eyeing upcoming US job cut data and comments from Dallas Fed President Lorie Logan for more clues on where markets might head next. Tech futures are trading 0.46% higher in mid-day action, supported by M&A activity in the software sector. Increased consolidation has sparked expectations of efficiency gains, boosting sentiment in futures markets.