Futures are mixed, with tech stocks seeing a boost from a significant buyback program by SK Hynix. This Hynix news reversed an earlier decline in the Nikkei and positively impacted memory and Korea ETFs. S&P futures are slightly positive, while Nasdaq futures are down modestly. In premarket trading, semiconductors and major tech companies are up, while software firms are weaker. The market is undecided on direction, with both cyclical and defensive stocks showing mixed performance. Bond yields are flat to slightly down, and the US dollar is weaker. Commodities are experiencing gains, with Brent crude briefly surpassing $92 per barrel. Today's economic focus includes a 20-year bond auction and the release of the Federal Reserve's meeting minutes. Moderna shares surged significantly following positive trial results for its cancer vaccine, with Merck also seeing gains. Estée Lauder's stock climbed after exceeding earnings expectations, indicating progress in its turnaround efforts. Conversely, La-Z-Boy experienced a sharp decline due to a weaker-than-expected sales forecast.