U.S. stock index futures show technology stocks are expected to start the week stronger, while South Korean memory chip giants will once again test artificial intelligence trading conditions
6:47 New York time, 100 futures rose 1%, S&P 500 futures rose 0.4%, and Dow futures were essentially flat. Samsung Electronics will announce results on Tuesday. The chipmaker's stock price has risen 165% this year, and its financial performance will be closely watched. In a few days, SK Hynix will also advance its US$29 billion U.S. listing. The importance of the above-mentioned events has further increased as this week's economic data schedule is light and the U.S. earnings season has not yet begun in full swing. The recent uneven performance in global stock markets has investors questioning whether the artificial intelligence-driven rally of the past quarter has been overdone and whether huge capital expenditures will inevitably lead to strong returns. In addition, SpaceX will be included in the Nasdaq 100 Index on Tuesday, a move that may trigger some index-related position adjustments. Roberto Scholtes, head of strategy at Singular Bank, said: "Speculative positions in semiconductors and other hot technology themes are likely to continue to be trimmed. The key question is whether this will trigger a rotation of funds into laggard sectors or trigger a broader market correction." Open a futures account on Sina's cooperative platform, safe, fast and guaranteed