What are Nasdaq futures? March contracts are trading higher as mega-cap tech companies announce stock buybacks, bolstering broad sentiment across growth sectors. MoonLake Immunotherapeutics (MLTX) is down more than -89% on disappointing late-stage clinical trial data on the company’s experimental drug to treat the skin condition known as hidradenitis suppurativa. OpenAI ( OPAI.PVT ) has completed a deal to help employees sell shares in the company at a $500 billion valuation, propelling the ChatGPT owner past Elon Musk’s SpaceX ( SPAX.PVT ) to become the world’s largest startup. What are Nasdaq futures? Today’s gain in futures is also linked to softening Treasury yields, which make high-growth Nasdaq components more attractive to leveraged funds.