U.S. stock futures are trading higher as investors digest another round of strong corporate earnings and encouraging signals from the AI semiconductor industry. Technology shares are leading premarket gains, while today's inflation data and the Federal Reserve's Beige Book remain key events that could shape market direction. 📊 Market Snapshot Nasdaq Futures: +0.49% S&P 500 Futures: +0.20% Dow Futures: +0.20% VIX: 16.24 (-1.58%) U.S. 10-Year Yield: 4.57% WTI Crude Oil: $79.82 (+0.60%) Gold: +0.01% Bitcoin: +0.35% Dollar Index: 97.11 (-0.06%) 🚨 What's Driving the Market? Technology stocks are extending recent strength after ASML reported record quarterly bookings and raised its 2026 sales guidance for the second time this year. The results reinforced confidence that AI-driven semiconductor spending remains healthy, lifting sentiment across the semiconductor equipment and memory sectors. Earnings season is also off to a strong start. Morgan Stanley reported better-than-expected quarterly results, supported by solid trading and investment banking activity, while BlackRock reached a record $15.3 trillion in assets under management following strong client inflows. These results continue to suggest that capital markets activity remains resilient. Meanwhile, PayPal surged in premarket trading following reports that Stripe and Advent International have made a takeover proposal, providing another boost to overall market sentiment. Investors are now turning their attention to today's Producer Price Index (PPI) report and the Federal Reserve's Beige Book, both of which could influence expectations for future interest rate decisions. Oil prices remain near $80 per barrel, while Treasury yields continue to reflect cautious optimism ahead of the inflation data. 👀 Market Outlook Markets remain focused on three major themes: AI infrastructure spending, corporate earnings, and inflation trends. Strong results from semiconductor and financial companies have helped support risk appetite, but today's PPI report and Federal Reserve commentary will be closely watched to determine whether the recent rally can broaden beyond technology and financial stocks or if markets become more sensitive to inflation and interest rate expectations.