US Futures Rise as AI Optimism Supports Stocks

US stock futures were higher on Thursday, with S&P 500 futures up 0.4%, Nasdaq 100 futures gaining 0.9% and Dow Jones futures rising by nearly 80 points as investors kicked off Q4 following a volatile third quarter. The AI boom continued to support the broader market despite higher Treasury yields and a renewed rise in oil prices. Chipmakers provided additional support following an upbeat forecast from Micron, whose shares were up 0.2% in premarket trading. Alphabet also rose 2.2% after beginning to roll out its latest AI model. Among other megacap technology stocks, Nvidia (0.9%), Microsoft (0.7%), Amazon (1%), Broadcom (0.9%), Meta (0.3%) and Tesla (0.5%) were higher before the opening bell, while Apple fell 0.4%. Nike shares edged 0.3% lower ahead of the company’s earnings report, due after the opening bell.