Equities Rally Contrasts With Crypto Market Caution Amid AI Chip Sector Volatility
U.S. futures extended gains post-Wall Street's two-day rally, with Nasdaq 100 (NDX), Dow Jones (DJIA), and S&P 500 (SPX) contracts rising 0.31%, 0.19%, and 0.23% respectively. The advance comes despite pressure on semiconductor stocks following reports of Meta (META) potentially adopting Google's (GOOGL) AI chips, creating crosscurrents for crypto-linked chip demand.
Market participants await September Durable Goods Orders and Fed Beige Book for macroeconomic signals, while Li Auto (LI) and Deere (DE) earnings may influence industrial crypto mining sentiment. The divergence between traditional market Optimism and crypto sector hesitation reflects ongoing capital rotation dynamics.