🟢 Tech ETF (XLK) is trading 1.56% up in pre-market as Micron earnings lift tech shares

XLK is trading at $198.80, up 1.56%, as Micron’s post-close earnings beat and strong AI memory-chip demand lift tech shares.

• Micron beat analyst estimates; Asian technology shares rose, and Nasdaq futures moved higher while Dow futures were lower, pointing to a tech-led move rather than a broad-market rally.
• Softer inflation and reduced expectations for an October Fed hike may support equities, though elevated bond yields remain a risk.