U.S. stock futures showed a mixed pattern on Tuesday, following last week’s downward momentum as market participants responded to anxiety over artificial intelligence’s potential impact on a range of industries. The ongoing risk aversion comes as investors navigate a holiday-shortened trading week.
As of 4:48 P.M. (GMT+7), S&P 500 futures slipped by 0.17%, or 11.90 points, to 6,824.30 points, while Nasdaq 100 futures decreased by 0.49%, or 121.70 points, to 24,611.00 points. Dow Jones Industrial Average futures, however, ticked up by 0.01%, or 3.80 points, to 49,504.70 points
Investor caution has intensified amid apprehensions that AI adoption could disrupt sectors such as wealth management, transportation, and logistics. These fears regarding structural changes and growth outlooks continued to outweigh positive signals from last Friday’s inflation data. January’s consumer price index indicated milder price increases than economists had forecast, briefly easing concern about inflationary pressure.
Market focus remains fixed on forthcoming economic data and Federal Reserve communications. Friday will bring the release of the Personal Consumption Expenditures index, a key measure of inflation, while minutes from the Fed’s most recent policy meeting are set to be published on Wednesday. Added to this is speculation surrounding a reported “loyalty pledge” from Kevin Warsh, President Donald Trump’s nominee for chair of the Federal Reserve.
Market participants are also monitoring the latest quarterly results, with earnings reports anticipated from Walmart, Warner Bros, DoorDash, and Molson Coors, among others, as they look for further direction.
