US Pre-Market: Chip Rebound Lifts Nasdaq Futures, Sea Jumps 10% Before July CPI

Sentiment: mixed S&P 500 futures: +0.14%

S&P 500 futures traded 7,787.25 at 08:41 ET on 11 August 2026, up 0.14%, as semiconductors recovered part of a Monday selloff that took the iShares Semiconductor ETF SOXX.US down 2.55%. Sea Limited SE.US rose 10.02% to $126.30 in pre-market trade after second quarter revenue of $7.80 billion beat the $7.27 billion consensus. July CPI arrives Wednesday, leaving today's calendar without a first tier print and the US 10-year at the 4.70% it settled at on Monday.

Overnight drivers

• SOXX.US +1.44% after Monday's 2.55% fall. Wafer equipment names lead: ASML.US +3.44%, KLAC.US +2.51%, AMAT.US +2.47%, LRCX.US +2.32%. No single company announcement sits behind the cluster move.
• SK hynix set off Monday's decline. Its Nasdaq depositary receipt listing raised about $26.5 billion, and selling after that debut, plus caution running into its quarterly report, dragged memory and AI names lower. NVDA.US fell 2.86%, AMD.US 2.86%, INTC.US 4.06% and AMAT.US 3.16% on the session.
• NQ=F +0.28% against ES=F +0.14%. The 14 basis point spread follows the chip weighting, not a shift in the wider market. Dow futures YM=F sit at +0.04%.
• Tokyo is shut for Mountain Day, so the largest Asian session is absent from the overnight tally. Hong Kong's Hang Seng closed at 25,652.82, down 1.10%.
• Gold GC=F $4,450.10 per ounce, up 0.69%. The dollar index at 99.84 has moved 0.03%, and the VIX at 15.55 sits 0.58% above Monday's 15.46 close.

Monday's session

The S&P 500 closed at 7,753.11 on 10 August 2026, down 0.06%, a second consecutive decline from the record set on 7 August. The Nasdaq Composite fell 0.32% to 26,605.36, the Dow 0.11% to 53,975.98, and the Russell 2000 0.56% to 3,017.40.

Semiconductors fell hardest, SOXX.US down 2.55%, while security and data software rose: DDOG.US gained 11.48%, PANW.US 5.82% and CRWD.US 5.01%. Those two groups offset each other and left the index within 5 points of Friday's close. The 10-year yield rose to 4.70% from 4.66%, and the VIX closed at 15.46 against 14.90 on Friday.

Pre-market movers

RIOT.US carried a second quarter GAAP net loss of $237 million, or $0.68 per diluted share, so the 16.96% pre-market gain rests on the data center lease rather than the result. ONON.US lifted full year gross margin guidance to at least 65% and reported second quarter growth of 13.5%, or 21.6% in constant currency, and still fell 15.68% on the sales miss. LIF.US reported record second quarter revenue of $159 million, up 38%, and adjusted EBITDA of $31.1 million, up 53%, after Monday's close, with the drop tied to the fall in reported net income and an unchanged full year revenue range of $650 million to $685 million.

US economic calendar today (ET)

• 06:00 NFIB Small Business Optimism, July
• 07:45 ICSC weekly retail sales
• 08:55 Johnson Redbook weekly sales
• 10:00 Existing home sales, July
• 13:00 Treasury sells $58 billion in 3-year notes
• 16:30 API weekly crude inventories

July CPI follows on Wednesday and July PPI on Thursday. Both rate sensitive prints land after today.

Reporting after the close

CoreWeave CRWV.US, Super Micro SMCI.US, Cava CAVA.US, Franco Nevada FNV.US and Lumentum LITE.US report after the bell. CRWV.US traded up 1.92% and SMCI.US up 1.49% ahead of their results.

What to watch

• SOXX.US at 537.00 has recovered 7.61 of the 13.88 points it lost on Monday, leaving it below Friday's 543.27.
• INTC.US at -0.46% is the one large semiconductor name still lower this morning, after Monday's 4.06% fall.
• Europe holds small gains into the US open: STOXX 600 +0.17% at 661.59, DAX +0.20% at 26,376.12, FTSE 100 +0.09% at 10,872.25.
• The $58 billion 3-year note auction at 13:00 ET is the session's main rates event, with the 10-year starting from Monday's 4.70% settle.
• Bitcoin traded at $64,296, down 0.80%, and WTI crude CL=F at $82.44, up 0.38%.

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