NEW YORK, July 6, 2026, 06:08 (EDT)
- Nasdaq-100 futures moved higher in premarket action, rising 1.02%. S&P 500 futures added 0.44% and Dow futures were little changed, up 0.06% in delayed quotes.
- Premarket trade saw chip and AI names among the most active. Intel Corp NASDAQ:INTC climbed 3.14%, Micron Technology Inc NASDAQ:MU was up 2.84%. Apple Inc NASDAQ:AAPL slipped 1.09%.
- OPEC+ will lift August production targets by 188,000 barrels a day. Brent crude and WTI dropped over 1%.
U.S. stock futures edged higher ahead of Monday’s opening bell, with gains looking tight in early trading. Nasdaq-100 futures gained 1.02% as of 05:40, S&P 500 futures were up 0.44% by 05:42, and Dow futures added 0.06% at 05:31. The gap between Nasdaq-100 and Dow futures stood at 96 basis points.
| Futures contract | Last | Change | % change | Delayed time |
|---|---|---|---|---|
| Dow futures | 53,214.00 | +31.00 | +0.06% | 05:31:18 |
| S&P 500 futures | 7,561.25 | +33.00 | +0.44% | 05:42:24 |
| Nasdaq-100 futures | 29,857.75 | +301.75 | +1.02% | 05:40:27 |
Dow ended Thursday at another record, its 20th of the year, but S&P 500 and Nasdaq Composite slipped that day. Both indexes still finished this short week up. Premarket action today skips the Dow’s record path. Instead, traders are going for growth, chips, and AI, after semis got hit to start July.
Premarket moves lined up with futures. On July 6, MarketWatch’s screener showed Intel Corp NASDAQ:INTC leading volume, shares up 3.14%. Nvidia Corp NASDAQ:NVDA was next, up 0.27%. Micron Technology Inc NASDAQ:MU added 2.84%. Strategy Inc NASDAQ:MSTR traded 2.96% higher. Oracle Corp NYSE:ORCL rose 3.68%. Tesla Inc NASDAQ:TSLA was also higher, up 1.47%. Apple Inc NASDAQ:AAPL dipped 1.09%, trailing the other big names on the list.
| Premarket stock | Price | Volume | Change | % change |
|---|---|---|---|---|
| Intel Corp NASDAQ:INTC | $124.12 | 667.3K | up $3.77 | gained 3.14% |
| Nvidia Corp NASDAQ:NVDA | $195.35 | 497.41K | added $0.52 | up 0.27% |
| Micron Technology Inc NASDAQ:MU | $1,003.07 | 470.65K | rose $27.66 | advanced 2.84% |
| Oracle Corp NYSE:ORCL | $145.43 | 300.83K | up $5.16 | increased 3.68% |
| Tesla Inc NASDAQ:TSLA | $399.23 | 200.68K | gained $5.78 | up 1.47% |
| Apple Inc NASDAQ:AAPL | $305.27 | 102.27K | down $3.36 | off 1.09% |
Chip shares bounced Friday, but it wasn’t strong momentum. MarketWatch reported gains of 3% each for Intel and Micron after Thursday’s 5% drop for chip names. Barron’s reported the Invesco PHLX Semiconductor ETF NASDAQ:SOXQ is still off 11.4% in July.
SK Hynix Inc KRX:000660 is putting the AI trade to another test. The South Korean memory-chip firm started a U.S. share sale with plans to raise 43 trillion won, or $28.07 billion, using 17.79 million Nasdaq depository receipts. Shares in Seoul dropped 3.4% on Monday. Still, the stock has climbed about 260% this year.
Thornburg Investment Management’s Di Zhou called it a “memory super cycle.” Roundhill Investments CEO Dave Mazza said the listing gets rid of “an accessibility discount, not a quality discount.” Steve Sosnick, chief strategist at Interactive Brokers, said the new listing could attract “momentum-hungry investors.” Reuters
Oil prices dropped again, helping growth stocks higher. Brent crude lost $1.02, or 1.41%, to $71.10 a barrel as of 0756 GMT. U.S. West Texas Intermediate slipped 80 cents, or 1.16%, to $67.89 after OPEC+ set new output targets to add 188,000 barrels per day starting in August. “Near-term focus” remains on tanker flows through Hormuz and on demand, UBS analyst Giovanni Staunovo said. Reuters
Mohit Kumar, Jefferies chief European economist, said falling oil prices should “support the growth-sensitive sectors.” He said Jefferies is still long U.S. tech and has increased its positions in Asia and sectors tied to growth in recent weeks. For U.S. investors, that lines up with the Nasdaq’s move this morning: lower crude favors the same long-duration trade that struggled with rate worries last week. Reuters
Rates are still the ceiling for that trade right now. Barron’s quoted ING analyst Chris Turner saying the Federal Reserve minutes may show “the core message should be a hawkish one.” Minutes from the June Fed meeting come out Wednesday. The ISM services survey from the U.S. is expected later Monday. Barron’s
This week, earnings risk is getting priced in. Delta Air Lines Inc NYSE:DAL and PepsiCo Inc NASDAQ:PEP are set to report. Samsung Electronics Co Ltd KRX:005930 reports Tuesday, with analysts looking for profits up 18 times.
U.S. cash equities were set to reopen after the July 3 Independence Day break. Nasdaq’s regular session runs 9:30 a.m. to 4:00 p.m. ET, with premarket from 4:00 a.m. to 9:30 a.m. ET, so trading was still in premarket at the time of writing.
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