Stock Market Update
13-Oct-25 09:14 ET
Futures point to higher open, tech names set to recoup some losses from Friday
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +84.00. Nasdaq futures vs fair value: +456.00.
The stock market is on track for a considerably higher start after remarks from President Trump have at least somewhat quelled fears around escalating trade tensions with China.
Semiconductors and other tech names lagged on Friday amid concerns about China tightening its rare earth exports, with those same companies now driving the rise in futures this morning.
In particular, Broadcom (AVGO 364.90, +37.63, +11.6%) is sharply higher in the pre-market after announcing that the company and OpenAI will collaborate on 10 gigawatts of custom AI accelerators.
