Dip buyers returned to chips after Nasdaq's worst week since Liberation Day, lifting futures.
Context
What happened: US futures rose as dip buyers returned to chipmakers after the Nasdaq's worst week since the April 2025 tariff turmoil. Trump waived Russian sanctions to seal a diesel deal, and oil slid.
Key numbers: S&P futures +0.4% at 7,741.75, Nasdaq futures +1.1% at 29,705.50, Dow futures -0.2%.
Why it matters: The Philly semis index is set to snap its longest losing streak in 18 years, while Europe slides on a weekend of riots in France and French bonds tumble, with the OAT-Bund spread widening to 146bps.