US Futures Up on Tech, Trump‑Xi Summit

US equity futures rose, with S&P 500 Futures up 0.1% to 7,480.25 points, driven by tech and chip stocks.
Trump‑Xi summit in Beijing, attended by Nvidia CEO Jensen Huang and Tesla CEO Elon Musk, will discuss trade, AI and Taiwan.
Chip stocks rallied, Philadelphia Semiconductor Index gaining 2.6% as markets anticipate looser U.S. export restrictions on China.
Sticky inflation and hotter‑than‑expected CPI keep Fed rates unchanged this year; Senate confirmed Kevin Warsh as Fed Chairman.