US Stock Futures Surge on Tech Gains, Fed Hopes

U.S. stock futures rose across all major indexes, approaching or surpassing record highs, driven by strong performances in technology shares such as Nvidia, AMD, and Micron, which benefited from robust AI-related demand. QuantumScape shares surged 31%, and Nvidia reached a new all-time high. Investor optimism has increased amid speculation that Donald Trump may announce an early replacement for Federal Reserve Chair Jerome Powell, potentially shifting policy in a more dovish direction. Economic data showed the U.S. economy contracted more than expected in Q1, but durable goods orders and initial jobless claims offered some positive signals. Easing geopolitical tensions, particularly in the Middle East, contributed to positive sentiment, while global markets remained mixed. U.S. Treasury yields fell as investors anticipated possible Fed rate cuts by year-end.