US Pre-Market, July 6: Memory-Chip Rebound Lifts Nasdaq Futures 1.2%

Sentiment: bullish US futures: S&P 500 +0.43%, Nasdaq 100 +1.19%, Dow roughly flat

US index futures pointed higher before the Monday open on 6 July 2026, with Nasdaq 100 futures up 1.19% and S&P 500 futures up 0.43% as memory-chip makers rebounded from last week's selloff. Western Digital WDC.US led pre-market gains at about 5.5%, with Seagate STX.US up 4.4% and Micron MU.US up 3.4%, as traders positioned ahead of Samsung Electronics' second-quarter earnings on Tuesday and SK Hynix's $28 billion Nasdaq listing on Friday. On Thursday the Dow closed at a record 52,900 while the Nasdaq fell 0.80% on a second day of chip selling.

Overnight drivers

• Memory-chip rebound: Western Digital WDC.US up 5.5%, Seagate STX.US up 4.4%, Micron MU.US up 3.4% and SanDisk SNDK.US about 4% in pre-market trading, after SanDisk fell more than 14% on Thursday. The rebound runs ahead of Samsung Electronics' Tuesday earnings, expected at a record, and SK Hynix's $28 billion Nasdaq debut on Friday under ticker SKHY.US.
• Goldman Sachs oversold call: Goldman's trading desk flagged buy-the-dip activity in momentum stocks after the factor fell 24% from its peak, its largest drawdown since the first quarter of 2023, while warning that crowded positioning could extend the decline if funds keep deleveraging.
• Oil lower: WTI CL=F fell 0.74% to $68 and Brent BZ=F eased 0.21% to $72 after the weekend OPEC+ output increase and the resumption of Strait of Hormuz shipping, taking pressure off one input to inflation.
• Gold higher, dollar firmer: Gold GC=F rose 0.83% to $4,160 an ounce, a two-week high, even as the US Dollar Index gained 0.22% to 101.08 and the 10-year Treasury yield held near 4.48%.

Overnight Asia and Europe

Hong Kong's Hang Seng closed up 1.14% at 23,616 on 6 July 2026, the standout in Asia, where Japan's Nikkei 225 finished flat at 69,738 and China's Shanghai Composite held at 4,041. South Korea's KOSPI slipped 0.46% to 8,051 but swung across a 6% intraday range, a measure of how much Samsung Electronics and SK Hynix, together more than half the index, are steering sentiment before Tuesday's earnings.

In Europe at the US pre-market, the STOXX 600 traded down 0.33% at 651, the FTSE 100 off 0.29% at 10,648, and Germany's DAX flat at 25,777.

Pre-market movers

• WDC.US up 5.5%, STX.US up 4.4%, MU.US up 3.4%: memory names led the rebound, with the Roundhill Memory ETF DRAM.US up nearly 7% in early trade.
• MRVL.US up 4%: Marvell Technology led an optical and AI-silicon bounce, alongside Oracle ORCL.US up 3% and Nebius NBIS.US up 2%.
• INTC.US up 3.5%: Intel rose after raising list prices on some consumer and server CPUs, with consumer parts up $30 to $50 and server parts up hundreds to thousands of dollars.
• META.US up 1.5%, TSLA.US up 1.5%: Meta and Tesla each added about 1.5% pre-market, with Amazon AMZN.US up 1%.
• AAPL.US down 0.96%: Apple was the only tech heavyweight lower before the open, giving back part of Thursday's 5% Dow-leading gain.

US economic calendar today (ET)

• 9:45am ET: S&P Global Services PMI (June, final), consensus about 51.3.
• 10:00am ET: ISM Services PMI (June), consensus about 54.0 against 54.5 prior. The print lands with markets pricing roughly even odds of a Federal Reserve rate increase by year end.
• 3:00pm ET: Fed Governor Christopher Waller speaks.

What to watch

• ISM Services PMI at 10:00am ET is the session's main data point after Thursday's June payrolls showed 57,000 jobs added, below the 113,000 expected, and unemployment at 4.2%.
• Last week's rotation lifted healthcare, industrials and financials while chips lagged, carrying the Dow to a fourth straight weekly gain; Monday's pre-market rebound tests whether that rotation pauses.
• Samsung Electronics' preliminary second-quarter result on Tuesday and SK Hynix's Friday Nasdaq listing set the frame for the memory trade through the rest of the week.

Context only. Not financial advice. Track your own trades with Swingfolio.