Dow Futures rose 0.05%, S&P 500 Futures rose 0.12%, Nasdaq Futures rose 0.38%, reflecting a cautiously risk-on tone amid crypto and chip strength.
Shares of Bitcoin-related companies rose as cryptocurrency industry leaders met with President Donald Trump at the White House. BitMine rose 7%; Strategy, SharpLink Gaming, and Coinbase rose 4%; Circle and Robinhood rose 3%; CleanSpark, MARA Holdings rose 2%.
Chip stocks rebounded in overnight trading. Direxion Daily Semiconductors Bull 3x Shares rose 3%; SK hynix, SanDisk, Seagate Technology, and Western Digital rose 2%.
Optical communications stocks also rebounded in overnight trading. Applied Optoelectronics rose 4%; AXT rose 3%; Coherent, Credo Technology, and Lumentum rose 2%.
Moderna pulled back 6.8% in overnight trading. The retreat followed a 177% surge on positive Phase III melanoma vaccine results, alongside bearish positioning in options.
Wolfspeed reported fourth-quarter results that missed analyst expectations on both earnings and revenue, sending shares down 7.5% in overnight trading.