U.S. stock futures were stronger on Tuesday morning as market participants resumed trading after a long weekend and processed news of fresh U.S. attacks on Iran. By 06:37 ET (10:37 GMT), futures tied to the major U.S. averages had advanced: the Dow futures contract was up 254 points, or about 0.5%, S&P 500 futures gained 57 points, or 0.8%, and Nasdaq 100 futures rose roughly 344 points, or 1.2%.
Several industry groups helped underpin the early gains. Semiconductor names were broadly higher in premarket action, with companies explicitly cited as rising including Micron, Intel and Marvell Technologies. The move was attributed in market comments to continued demand for advanced chips driven by artificial intelligence applications.
Space-related and rocket companies also contributed to the upward momentum. Rocket Lab, AST SpaceMobile and Viasat were among the stocks that climbed in premarket trading, extending a recent run that market participants linked to SpaceX filing paperwork for what was described as potentially the largest initial public offering on record.
There were notable individual stock moves as well. U.S.-listed shares of Ferrari declined by more than 2% after the European luxury automaker unveiled its first fully-electric vehicle. Separately, shares of Chinese live-streaming company Joyy were reported to have rallied by more than 11% on better-than-expected first-quarter revenue.
Market data captured in a consolidated ticker readout alongside the morning commentary included a cluster of symbol-level moves: US500 +0.37%, INTC +1.13%, MRVL +2.96%, MU -1.46%, YMM26 +0.6%, NQM26 +1.04%, VSAT +5.37%, JOYY -2.87%, RACE -0.33%, ASTS +10.01%, RKLB +8.22%. Some of those values differ from individual item descriptions noted earlier in the session.
Investors are balancing sector-specific strength in semiconductors and aerospace-related equities with headline risk tied to geopolitical developments. The morning action reflected a mix of fundamental drivers cited by traders - including AI-related chip demand, corporate earnings surprises, and corporate filings in the space sector - alongside broader market reactions to geopolitical news.
Market context
- Futures gains were evident across the major U.S. indices in early premarket trading.
- Semiconductor and space/rocket-related stocks were notable contributors to the upside.
- Ferrari shares fell after the company revealed its first fully-electric vehicle.
Notable items
- Micron, Intel, Marvell Technologies - named as higher in premarket trading.
- Rocket Lab, AST SpaceMobile, Viasat - listed as rising among rocket and satellite companies.
- Joyy - reported as having rallied on revenue, though an accompanying pricing readout showed a different intraday value.