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Chip Stocks Drive Market Rally as Nasdaq Futures Jump

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U.S. stock futures looked set to open in the green early Monday, with the technology sector driving the gains.

Corporate news is set to dominate the headlines in a light week for economic data, with the exception of Wednesday’s release of the Federal Reserve’s minutes from its June monetary-policy meeting.

Nasdaq 100 futures were gaining 1.1%, S&P 500 futures were rising 0.5% and Dow Jones Industrial Average futures were slipping 28 points, or 0.1%.

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