Major U.S. stocks exhibit pre-market price gaps; SOXL surges 7.59%

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The futures market priced in strong pre-market gains for major U.S. stocks over the weekend, with perpetual futures showing a clear upward bias. RootData shows that most large-cap names are trading above their prior closing levels. SOXL, the 3x leveraged semiconductor ETF, surged 7.59% to $125.65. Other top performers include SanDisk (SNDK) up 3.07%, Micron (MU) up 2.84%, and SOXX up 2.62%. Perpetual futures for equities remained a key indicator of market sentiment.

ChainCatcher report: During the traditional market's weekend closure, perpetual contracts for stocks on exchanges have already priced in anticipated market movements. According to RootData, most popular stocks are trading above their previous after-hours levels: SOXL (3x Long Semiconductor ETF) is now trading at $125.65, up 7.59% from the previous day's after-hours reference price of $116.79; SNDK (SanDisk) is now trading at $1,785.09, up 3.07% from the previous day's after-hours reference price of $1,731.88; MU (Micron Technology) is now trading at $1,043.54, up 2.84% from the previous day's after-hours reference price of $1,014.74; SOXX (iShares Semiconductor ETF) is now trading at $532.09, up 2.62% from the previous day's after-hours reference price of $518.48; INTC (Intel) is now trading at $98.16, up 2.46% from the previous day's after-hours reference price of $95.80; SKHY (SK Hynix) is now trading at $179.44, up 2.08% from the previous day's closing reference price of $175.78; SMH (VanEck Semiconductor ETF) is now trading at $578.73, up 2.06% from the previous day's after-hours reference price of $567.05; SPCX (SpaceX) is now trading at $150.54, up 1.87% from the previous day's after-hours reference price of $147.78; IREN (IREN) is now trading at $43.96, down 1.59% from the previous day's after-hours reference price of $44.67; AMD (Advanced Micro Devices) is now trading at $483.59, up 1.58% from the previous day's after-hours reference price of $476.08;

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