U.S. stock futures advanced slightly on Tuesday, extending momentum from a broad-based rally that marked the opening of the month. The market’s upward momentum follows a strong performance from blue-chip stocks, while technology names and AI infrastructure firms drew investor attention.
As of 5:12 P.M. (GMT+7), Dow Jones Industrial Average futures ticked up by 0.02%, or 12.00 points, to 49,419.70 points, while S&P 500 futures increased marginally by 0.24%, or 16.70 points, to 6,993.20 points. Nasdaq 100 futures also gained approximately by 0.52%, or 134.60 points, to 25,873.20 points.
Several companies linked to AI infrastructure, such as Sandisk, ended Monday’s session higher. Nvidia shares, however, fell by nearly 3% to $185.61 after reports that OpenAI is delaying the completion of a $100 billion deal due to concerns regarding the performance of Nvidia’s chips, with the company reportedly seeking other hardware options.
The mood in digital assets remained risk-averse, as bitcoin fell to its lowest price point since April. Futures tracking precious metals, however, bounced back from a sharp decline with both silver and gold edging higher.
Approximately one-fifth of the S&P 500 is set to release earnings this week, with Advanced Micro Devices and Pfizer scheduled to report Tuesday. Major technology firms Amazon and Alphabet are expected to deliver earnings later in the week.
Market participants are also closely watching the technology sector for signs of efficiency gains and profit growth linked to artificial intelligence, especially following last week’s negative market reaction to Microsoft’s earnings disclosures.
Meanwhile, publication of major data releases due later in the week, including Friday’s closely watched monthly employment report, has been postponed after the U.S. government underwent another partial shutdown.
