U.S. markets opened mixed on Wednesday, with the S&P 500 rising 0.1% and the Nasdaq Composite gaining 0.1%, while the Dow Jones Industrial Average slipped 0.1%. S&P 500 futures gained 0.3%, and Nasdaq 100 futures climbed 0.6%, helped by a rebound in technology stocks.
Oil prices continued to fall, with Brent crude dropping 3% to around $74 per barrel and U.S. West Texas Intermediate (WTI) crude also falling 3% to around $71.
Investors are focused on Micron's earnings report, which is due after the market closes on Wednesday. Analysts expect Micron to report earnings of $20.83 per share on revenue of $35.75 billion.
Other memory-chip stocks, such as Sandisk and Intel, also bounced back, with shares rising 3% and 1% in premarket trading, respectively.
However, Cerebras Systems shares dropped more than 10% despite strong revenue growth, due to concerns over lower gross margins in the second quarter.
Meanwhile, Take-Two Interactive shares rose more than 2% in premarket trading after the company announced that pre-orders for Grand Theft Auto VI will begin on Thursday.
