US Futures Steady Ahead of CPI Report
US stock futures held steady on Tuesday as investors awaited the October Consumer Price Index report, with both headline and core inflation expected to ease amid stabilizing energy prices. Market participants are also looking to neocloud company CoreWeave’s earnings release for further signals on the artificial intelligence sector. During Monday’s regular session, the Dow rose 2.15%, the S&P 500 advanced gained 2.35%, and the Nasdaq Composite climbed 2.74%. Semiconductor shares rebounded following last week’s sharp selloff, which came after Democrats gained control of Congress, raising concerns over tighter AI oversight and a potential slowdown in data center expansion. Meanwhile, Nvidia shares fell more than 4% after CEO Jensen Huang acknowledged an alleged affair with a suspected Chinese spy, fueling concerns that Congress could impose stricter export restrictions on the company’s chips.
US stock futures held steady on Tuesday as investors awaited the October Consumer Price Index report, with both headline and core inflation expected to ease amid stabilizing energy prices. Market participants are also looking to neocloud company CoreWeave’s earnings release for further signals on the artificial intelligence sector. During Monday’s regular session, the Dow rose 2.15%, the S&P 500 advanced gained 2.35%, and the Nasdaq Composite climbed 2.74%. Semiconductor shares rebounded following last week’s sharp selloff, which came after Democrats gained control of Congress, raising concerns over tighter AI oversight and a potential slowdown in data center expansion.
Meanwhile, Nvidia shares fell more than 4% after CEO Jensen Huang acknowledged an alleged affair with a suspected Chinese spy, fueling concerns that Congress could impose stricter export restrictions on the company’s chips.