US Futures Edge Higher After Tech-Fueled Rally

US stock futures ticked higher on Thursday after major indexes rallied to new record highs in the previous session, led by strong gains in technology shares.

On Wednesday, the S&P 500 climbed 0.58% and the Nasdaq Composite advanced 1.12%, both setting fresh records, while the Dow ended flat.

The rally was driven by AI-related megacaps and chipmakers, with AMD soaring 11.4% after investors reacted positively to its partnership with OpenAI. Nvidia gained 2.2% after CEO Jensen Huang said computing demand had “gone up substantially” this year.

Other major tech names also rose, including Broadcom (2.7%), Micron Technology (5.8%), Tesla (1.2%), Amazon (1.5%), and Oracle (1.5%).

Meanwhile, FOMC minutes revealed mixed views on the policy outlook, and investors now await remarks from Fed Chair Jerome Powell later today.

Earnings reports from Delta Air Lines and PepsiCo are also due.