Micron Lifts US Stock Futures as Oil Declines; Nasdaq Set to Recover
US stock futures rise on Micron's boost, while oil prices continue to fall. The Nasdaq, down over 5% in June, could surge more than 2% if futures hold.
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US stock futures point to a strong open on Friday, buoyed by a positive surprise from Micron Technology. The chipmaker's outlook lifted sentiment across the tech sector, helping to offset a rough month for equities.
Meanwhile, oil prices continued their recent slide, adding to the mixed macro backdrop. The Nasdaq has fallen more than 5% in June, but futures suggest a rebound of over 2% if the current trajectory holds.
Source: FXStreet Forex News