U.S. stock futures edged slightly higher on Tuesday, offering a tentative recovery after Monday’s rout driven by fears that swift artificial intelligence developments could significantly impact a range of sectors.
As of 4:10 P.M. (GMT+7), Dow Jones Industrial Average futures ticked up by 0.12%, or 56.50 points, to 48,860.60 points, while S&P 500 futures edged up by 0.17%, or 11.40 points, to 6,849.10 points. Nasdaq 100 futures also increased by 0.19%, or 46.90 points, to 24,755.80 points.
The rebound follows sharp losses in the previous session as concerns resurfaced over artificial intelligence innovations reshaping large segments of the corporate landscape, dropping IBM by 13%.
Sentiment also remained subdued amid growing geopolitical uncertainties. Contributing factors included President Donald Trump’s recent increase on the global tariff rate to 10% and his intention to raise the rate further to 15%. Markets are also anticipating the discussion between the U.S. and Iran later this week.
Attention remains firmly on the artificial intelligence sector. Anthropic, a prominent industry player, is scheduled to hold a significant event on Tuesday. The company plans to unveil product updates and showcase new features.
Its recent launches of AI applications targeting various industries have previously coincided with stock declines in affected sectors. Upcoming announcements later today are expected to have a particular impact on cybersecurity and software companies.
In addition, investors are anticipating key quarterly results from major corporations such as Home Depot, Nvidia, Salesforce, and Snowflake over the course of the week. Market watchers will also scrutinize the latest consumer confidence figures due later on Tuesday.
