Stock Futures Modestly Higher as Tech Stocks Gain
Stock futures are modestly higher, building on late-week momentum in technology and semiconductor stocks despite a choppy lead-in to this week.The market's more upbeat tone comes against a backdrop of thin volumes typical for mid-January and mixed macro signals. Although major U.S. benchmarks were on track for slight weekly declines after Monday's records, the strength in tech and AI-linked equities has underpinned broader risk appetite.International markets are mixed, with European equities showing modest gains as global sentiment holds near record highs, while several Asian indexes reflect uneven performance after China tightened market oversight and Japan's benchmark slipped. Oil prices have eased after the chance of a U.S. strike on Iran receded, tempering energy sector pressure, while gold dipped on stronger U.S. data boosting the dollar and reducing near-term rate-cut bets.In pre-market trading, S&P 500 futures rose 0.14%, Nasdaq futures rose 0.47% and Dow futures rose 0.01%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -ImmunityBioup 10% after announcing updated efficacy and safety results from the ongoing QUILT-106 clinical study evaluating an off-the-shelf allogeneic CD19 chimeric antigen receptor natural killer cell therapyUP AFTER EARNINGS -PNC Financialup 4%Citizens Financialup 1%DOWN AFTER EARNINGS -State Streetdown 3%Regions Financialdown 2%M&T Bankdown 1%LOWER -QXOdown 6% after a 31.6M share secondary offering priced at $23.80Mosaicdown 4% after announcing that the challenging market environment significantly impacted its fourth quarter performance
