S&P 500 and Nasdaq futures edge higher as tech shares steady; Nasdaq 100 E-minis up 0.48% at 04:53 a.m. ET

U.S. stock index futures diverged in early trading, with Nasdaq 100 E-minis up 0.48% as investors returned to technology shares after a sharp selloff. Chip names were in focus, with Micron Technology rising premarket as markets looked ahead to its earnings and weighed concerns about whether gains can extend after prior post-results declines. AI-chip sentiment was hit after Cerebras Systems cut its full-year profit-margin outlook in its first report since going public. A firmer dollar and rising rate expectations ahead of the PCE inflation reading weighed on commodities, pushing gold toward a two-week low while oil extended losses by more than 1%.