US Futures Steady After Tech-Led Rally
US stock futures were little changed on Tuesday after the major averages rallied at the start of the week, led by technology and artificial intelligence stocks. Falling oil prices and lower Treasury yields also supported market sentiment, easing concerns over persistent inflationary pressures. Meanwhile, officials expressed optimism about an upcoming summit between Presidents Donald Trump and Xi Jinping this week. In regular trading on Monday, the tech-heavy Nasdaq Composite surged 2.26% to a record close, while the S&P 500 and Dow advanced 1.49% and 0.71%, respectively. Among individual stocks, Meta jumped 11.3% on optimism surrounding its AI offering, Muse. The gains also lifted semiconductor stocks, with AMD and Intel soaring 10% and 12.1%, respectively. Investors now await fresh earnings reports from AutoZone and KB Home on Tuesday, along with speeches from Federal Reserve officials.
US stock futures were little changed on Tuesday after the major averages rallied at the start of the week, led by technology and artificial intelligence stocks. Falling oil prices and lower Treasury yields also supported market sentiment, easing concerns over persistent inflationary pressures. Meanwhile, officials expressed optimism about an upcoming summit between Presidents Donald Trump and Xi Jinping this week. 71%, respectively.
3% on optimism surrounding its AI offering, Muse. 1%, respectively. Investors now await fresh earnings reports from AutoZone and KB Home on Tuesday, along with speeches from Federal Reserve officials.