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.

The Dow Jones Index went up by 366 points or 0.71 percent on Monday to close at 52049 points. The rise was led by Nvidia (2.29%), Goldman Sachs (1.98%) and Merck (1.97%). On the downside, the weakerst performers were Chevron (-2.83%), Coca-Cola (-1.14%) and Home Depot (-0.81%).

US stock indices closed higher on Monday as Treasury yields eased, temporarily dampening concerns over an adverse macroeconomic backdrop, while technology stocks staged a fresh rally. The S&P 500 rose 1.5%, the Nasdaq gained 2.3% for a record close of 27,122, and the Dow added 366 points. President Trump said he would be open to meeting his Iranian counterpart, Masoud Pezeshkian, on the sidelines of the UN General Assembly. Meanwhile, observed Saudi oil loadings from inside the Persian Gulf jumped over the weekend. Crude oil and refined product prices eased further from their peaks this month, reducing recent pressure on bonds. Lower credit costs improved the outlook for AI hyperscalers to continue issuing record levels of debt, supporting chip producers and AI infrastructure stocks. Signs of success for Meta’s (+11.4%) new AI agent also sparked enthusiasm over chip demand. AMD soared 9.9%, closing above $1 trillion in market value for the first time, while Intel surged 12.1%.