Advertisment
U.S. stock futures were little changed on Tuesday after the S&P 500 and NASDAQ Composite notched a second winning day.
Futures for the Dow Jones Industrials chugged ahead 69 points, or 0.2%, to 43,051.
Futures for the S&P 500 Index acquired 6.75 points, or 0.1%, to 6,026.50.
Futures for the tech-heavy NASDAQ hesitated 2.5 points to 21,742.
Shares of Nvidia, which closed at a record on Monday, moved 2.3% higher in early morning trading after the company unveiled new chips for desktop and laptop PCs that use the same Blackwell architecture. Tesla slipped 2% in the premarket after Bank of America downgraded the electric vehicle maker given its high valuation and risks associated with its strategy.
Monday’s advances for the broad-market index and the NASDAQ were propelled by a surge in chip stocks after Foxconn reported record fourth-quarter revenue. Another catalyst for stocks was a report by the Washington Post that said President-elect Donald Trump’s tariff plan would be narrower than previously expected. Trump later disputed the report in a Truth Social post.
Major economic reports that will shape the market’s action loom ahead this week. The Job Openings and Labor Turnover Survey is due on Tuesday, while the ADP private payrolls report is slated for Wednesday. The main event awaits on Friday in the form of December’s nonfarm payrolls report.
In Japan, the Nikkei jumped 2%, while in Hong Kong, the Hang Seng index slid 1.2%.
Oil prices took on 48 cents to $74.04 U.S. a barrel.
Gold prices shone brighter $16.80 to $2,664.20 U.S. an ounce.
