US Stock Market Move | Nasdaq futures surge 1.91%; most star tech stocks rise in premarket trading.

Before the market open on Wednesday, the three major U.S. stock index futures rose collectively, with Nasdaq futures up 1.91%. Most star tech stocks advanced, with Advanced Micro Devices (AMD.US) up over 5%, NVIDIA Corporation (NVDA.US) and Broadcom Inc. (AVGO.US) up over 3%, and Alphabet Inc. Class C (GOOGL.US), Meta (META.US), and Tesla, Inc. (TSLA.US) up over 1%. A research report released by UBS Group AG noted that U.S. inflationary pressures will still prompt the Federal Reserve to continue tightening monetary policy, with expectations of 25 basis point rate hikes each in December 2026 and March 2027. However, economic growth and corporate earnings remain strong, and moderate rate hikes are unlikely to end the U.S. stock market rally. UBS Group AG believes the U.S. economy is capable of withstanding a longer period of high interest rates. The bank expects S&P 500 constituent companies' earnings to grow 25% in 2026 and 14% in 2027, which is expected to help the stock market withstand the pressure from moderate rate hikes.