🟢 Semiconductor ETF (USD) is trading 3.3% up in pre-market on Nasdaq futures gains and rate-cut optimism

USD is trading at $87.98, up 3.30% from the September 3 close, supported by stronger Nasdaq futures and broad technology-sector momentum.

• NVIDIA is up 1.8% after announcing its $12.9 billion Hugging Face acquisition; Nasdaq futures are up 0.42%.
• Investors are positioning ahead of the September 4 payrolls report, with a soft result expected to strengthen rate-cut expectations. Fed Governor Christopher Waller’s less-hawkish comments and the prior-session technology rally add support, while Broadcom’s weaker outlook limits upside.