MTUM is trading 1.5% up, primarily supported by strength in its 47.7% information-technology allocation.
- NVIDIA is up 1.8% after announcing its $12.93 billion acquisition of Hugging Face; broader AI and technology shares are outperforming, while Nasdaq-100 futures were up 0.44% before the open.
- Broadcom fell 2.7% after weaker fourth-quarter guidance.
- Investors are positioning around the September 4 employment report, which could influence Federal Reserve rate expectations and growth-stock valuations.