US Futures Trim Week's Rally

2026-07-01 11:30 By Andre Joaquim 1 min. read

Futures tracking US equity indices trimmed the sharp gains from this week as markets continued to gauge the sustainability of the AI trade and risks of a Fed rate hike this year.

Contracts tracking the S&P 500 and the Nasdaq 100 eased 0.5%, while those for the Dow dropped 100 points from yesterday's record.

Chip producers were lower premarket after the leading the rally for equities this week, reigniting the AI trade despite lingering warnings that the sector is overleveraged.

Micron and Sandisk fell over 2%.

Hyperscalers making up the Magnificent 7 mostly held their rebound from this week after sharply underperforming AI infrastructure companies since mid-May, with Meta, Microsoft, Amazon, and Alphabet near the flatline.

Broader economic sectors were mixed.

Treasury yields maintained their surge on concerns that the Fed will restrict monetary policy further this year.

On the earnings front, Nike was 3% down as it flagged a cautious outlook due to consumer anxiety.



News Stream
US Futures Trim Week's Rally
Futures tracking US equity indices trimmed the sharp gains from this week as markets continued to gauge the sustainability of the AI trade and risks of a Fed rate hike this year. Contracts tracking the S&P 500 and the Nasdaq 100 eased 0.5%, while those for the Dow dropped 100 points from yesterday's record. Chip producers were lower premarket after the leading the rally for equities this week, reigniting the AI trade despite lingering warnings that the sector is overleveraged. Micron and Sandisk fell over 2%. Hyperscalers making up the Magnificent 7 mostly held their rebound from this week after sharply underperforming AI infrastructure companies since mid-May, with Meta, Microsoft, Amazon, and Alphabet near the flatline. Broader economic sectors were mixed. Treasury yields maintained their surge on concerns that the Fed will restrict monetary policy further this year. On the earnings front, Nike was 3% down as it flagged a cautious outlook due to consumer anxiety.
2026-07-01
US Futures Flat After Tech-Driven Rally
US stock futures were little changed on Wednesday after the major indexes advanced in the previous session, supported by strength in technology stocks and easing inflation concerns. In regular trading on Tuesday, the tech-heavy Nasdaq Composite jumped 1.52%, while the S&P 500 and Dow rose 0.79% and 0.26%, respectively. Chipmakers and AI-related companies led the gains, with Nvidia (2.6%), AMD (7.7%), Intel (6%), Sandisk (10.9%) and Marvell Technology (7.3%) posting strong advances. The three major indexes also ended the quarter on a strong footing, with the S&P 500 rallying more than 14%, the Nasdaq soaring about 20% and the Dow adding over 12%. Investors now turn their attention to Fed Chair Kevin Warsh’s appearance at the ECB Forum in Sintra, Portugal, for further clues on the outlook for monetary policy.
2026-06-30
The Dow Jones Index Closes 0.23% Higher
The Dow Jones Index gained 119 points or 0.23 percent on Tuesday to close at 52301 points. Gains were led by Caterpillar (2.95%), Apple (2.70%) and Nvidia (2.66%). Biggest losers were Honeywell International (-3.02%), Walt Disney (-2.33%) and J&J (-1.74%).
2026-06-30