U.S. stocks experienced a significant rally, with the S&P 500 hitting record highs, driven by robust economic data and strong performances from technology stocks, particularly in the semiconductor sector. Futures rose ahead of key economic readings and Federal Reserve speeches, with Micron Technology's strong earnings and positive forecast for AI demand boosting market sentiment. Additionally, Chinese economic stimulus has contributed to the global rally, with Wall Street and the Nasdaq leading the upward momentum. Analysts highlight the resilience of the U.S. economy, further supported by promising labor-market data.