Stock Index Futures Gain as Tech Stocks Rebound, U.S. PPI Data and Trump-Xi Summit in Focus

U.S. and global equity futures rose as technology stocks rebounded ahead of U.S. PPI data and the high‑profile Trump‑Xi summit. June S&P 500 e‑mini futures were up ~+0.25% and Nasdaq 100 futures outperformed at ~+0.79% as chip and AI‑related names rallied on hopes of deal flow and strong AI earnings potential. Mixed macro signals — hotter‑than‑expected April CPI and higher Treasury yields (10‑yr at ~4.47%) — kept the outlook cautious, with markets closely watching PPI prints and Fed nominations. European and Asian bourses also gained (Euro Stoxx 50, Nikkei), helped by corporate beats and optimism around China‑focused AI supply (Nvidia). Overall, the piece frames a cautiously constructive near‑term market backdrop driven by tech optimism and event risk from inflation prints and the U.S.–China summit.