U.S. stock futures edged higher after tech shares rebounded from last week's sell-off, though Asian chip stocks fell amid lingering AI spending concerns.
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01Summary
- 01Dow futures rose 56 points (0.1%), S&P 500 futures climbed 0.1%, and Nasdaq-100 futures advanced 0.2% on Monday night.
- 02The S&P 500 gained 0.4% and the Nasdaq Composite added over 1% in regular trading, with Nvidia up 1.4% and Tesla jumping 3.8%.
- 03Asian chip stocks fell Tuesday: SK Hynix lost 4.07%, Samsung Electronics dropped 1.03%, and SoftBank Group tumbled 4.46%.
- 04CoreWeave received a Goldman Sachs upgrade to buy but closed slightly lower after hitting a 52-week low.
- 05About 70 S&P 500 companies are due to report earnings this week, with United Airlines and General Motors among those releasing results Tuesday.
02Why it matters
This matters as the tech rebound suggests investors tentatively returning after last week's sell-off, but persistent concerns over AI spending and credit risks could influence broader market direction.
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