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Nasdaq Futures Up as chip shares in favor of the FED decision


(Reuters) – Futures bound to the Nasdaq that was won on Wednesday, because semiconductor – related shares increased after the three -month chip equipment were the estimates of ASML at the top of the estimates, also on a series of operating results and the tariff advantage of the Federal Reserve later on The day.

The first interest rate decision of the FED of the year is due at 2 p.m., with the markets expected on a large scale that the central bank will keep its credit rate stable.

“Market prices have shifted considerably higher since the US presidential election and in principle give zero percent likelihood of a reduction today,” said Amanda Sundström, FX & Fi strategist at SEB.

Markets have lately been on the detail about the proposed rates of President Donald Trump, who can worsen the inflationary pressure and slowly food speed.

White House Pers Secretary Karoline Leavitt said on Tuesday that Trump is still planning to give his promise to give rates on Canada and Mexico on Saturday.

The lecture of the price index of the personal consumption expenditure (PCE) in December, a crucial statistics in assessing the inflation process, is due on Friday.

Founder of Point72 Asset Management, Steven Cohen, said he would expect that the stock market would quickly reach a peak in the midst of inflation pressure and uncertainties surrounding Trump’s policy at rates and immigration.

On Wednesday, General Dynamics, UPS and T-Mobile US are some of the companies that are planned to report quarterly income for the bell.

The income of “Magnificent 7” members Microsoft, Facebook parent Meta and Tesla are expected after the markets are close by.

Apple will also report quarterly numbers later this week.

In the meantime, shares of semiconductor companies and related equipment makers went to premarket-trade after the Dutch company ASML reported the fourth quarter of bookings of 7.09 billion euros ($ 7.39 billion), a number that exceeded expectations.

KLA Corp, Applied Materials, Lam Research and Micron Technology each guided almost 4%.

At 4:41 AM et Dow e-mini’s had fallen with 63 points, or 0.14%, S&P 500 e-minis rose 1.5 points, or 0.02%and Nasdaq 100 e-minis were 67.25 points or 0.32%.

The Nasdaq jumped by 2% in the last session, while the S&P 500 rose almost 1%, because Nvidia and other artificial intelligence-linked technical shares recovered somewhat earlier this week from steep losses.

Nvidia was 0.2% higher after winning almost 9% on Tuesday. The shares were hammered on Monday after the Chinese startup Deepseek had launched an AI model that was according to the cost effective and ran on less advanced chips, which made doubts about the lead of the United States in technology.



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