US equity markets closed higher on Thursday, with the Nasdaq Composite leading gains as selling pressure in the semiconductor sector finally abated.
The tech-heavy index extended a broad-based rally that has pushed major benchmarks higher, marking a decisive end to a multi-day selloff in chip stocks.
2% in pre-market trading, signaling strong buying interest ahead of the open.
The recovery was driven by a resurgence in technology shares and a broader risk-on sentiment, as fresh data signaled optimism in the US economy.
Nasdaq futures surged 2.2% in pre-market trading, signaling strong buying interest ahead of the open.
This momentum carried through the session, with semiconductor names reversing recent losses as investors digested the positive economic signals.
The shift in sentiment suggests that the recent volatility in the chip sector, which had weighed on the broader market, is easing as confidence in US growth returns.