Futures Rise After 4-Days Of Declines Ahead Of CPI, Central Bank Bonanza

Group 1 - Micron's shares surged 11% after reporting earnings that were approximately 80% higher than consensus estimates, driven by strong demand for memory chips used in data centers [6][4] - Insmed's stock fell 20% following the failure of its Phase 2b BiRCh study for brensocatib in chronic rhinosinusitis, leading to the discontinuation of the program [6] - Instacart's shares dropped 6.6% after the Federal Trade Commission issued a civil investigative demand [6] - Lululemon's shares rose 6.2% as Elliott Management is reportedly building a stake worth over $1 billion [6] - PayPal's stock declined 1.7% after Morgan Stanley downgraded the company to underweight, citing slow progress on strategic initiatives [6] Group 2 - The tech sector faced scrutiny as investors questioned the sustainability of valuations amid concerns over AI-driven revenue disclosures, with 57% of Deutsche Bank survey participants identifying potential AI valuation declines as a major risk to market stability by 2026 [4][5] - The Nasdaq experienced a nearly 2% decline, reflecting investor anxiety regarding the AI sector and its impact on tech valuations [4] - European stocks showed mixed performance, with retailers like H&M outperforming while automakers lagged, as investors awaited monetary policy decisions from the European Central Bank and Bank of England [9][19]