US futures rise as chip stocks rally after strong payrolls

16 articles · Updated · Bloomberg · May 7

S&P 500 futures gained 0.6% and Nasdaq 100 contracts 0.9% by 8:33 a.m. in New York after April payrolls rose 115,000, beating forecasts.
Nvidia, Micron and Qualcomm advanced, while Microchip Technology climbed 1.4% after earnings beat estimates, helping futures touch session highs.
Oil was little changed near $95 a barrel as the Iran ceasefire appeared intact despite overnight clashes near the Strait of Hormuz.

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