XLG is trading at $64.49, up 2.38%, as its 51.7% information technology exposure makes the tech-led futures rebound a key driver.

  • Nasdaq 100 futures rose 1.3% as investors cautiously bought back after last week’s AI-linked chip selloff.
  • The rebound offers relief, but concerns persist over debt-financed AI infrastructure; upcoming megacap earnings may test confidence in AI spending.
  • No major U.S. economic indicators are scheduled for October 19.