Pre-market Report: A Nearly Wall-to-Wall Chip Rally Explains the Index Split This Morning, and Utz Goes Private for $2.9B

July 21, 2026 · Pre-Market · 8:55 AM ET. Your daily premarket briefing, brought to you by SignalDeck.live.

Situational Awareness

• 🔧 Why the indexes are splitting this morning: chips, specifically. Dow futures +0.3%, S&P 500 futures +0.4%, Nasdaq-100 futures +1.3%. That gap isn’t broad market strength, it’s index weighting: roughly 30 semiconductor names across memory (SNDK, WDC, MU, STX), equipment (AMAT, LRCX, KLAC, TER, FORM, AMKR), foundry (INTC, UMC, STM,…