FX.co ★ US Futures Steady After Tech-Led Rally

US stock futures were little changed on Friday after the major indexes advanced in the previous session, lifted by a strong rally in semiconductor shares. On Thursday, the S&P 500 gained 0.81% and the Nasdaq Composite climbed 1.3%, keeping both benchmarks on track for weekly gains, while the Dow Jones added 0.27%.

Investor sentiment toward AI-related stocks has been volatile in recent weeks amid concerns over stretched valuations. However, optimism was bolstered by robust demand for SK Hynix’s US share offering, which was oversubscribed by more than seven times. Among the standout performers on Thursday were Micron Technology, up 4.5%, Sandisk, up 7.6%, and AMD, which rose 5.7%.

Equities also found support from easing oil prices, as investors welcomed indications that the US and Iran intend to continue peace negotiations despite a recent escalation in hostilities.