US Futures Enjoy Some Respite

2026-02-24 12:10 By Andre Joaquim 1 min. read

US equity futures inched higher on Tuesday to trim the sharp selling pressure from the previous session as markets continued to assess the risk of disruption from AI advances in software development and automation.

Contracts tracking the three main averages were around 0.2% higher.

Stocks in the software space started enjoyed a moderate respite after sliding in the start of the week as concerns that AI tools would displace software services providers triggered selloffs across the sector.

Payment companies were also sharply lower on fresh concerns that the disruption would include traditional financial infrastructure to favor stablecoin adoption and lower transactions due to a weaker labor market.

In the meantime, the presidential administration was working on a formal order to increase the new section 122 tariffs to 15% from the 10% that are enforced as of today.

Lastly, Nvidia and chip producers were mostly lower pre-market ahead of the former's earnings event this week.



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