Nasdaq, S&P 500 Futures Rebound Amid Tech Sell-Off Concerns
Nasdaq and S&P 500 futures gained traction on Tuesday after a steep stock sell-off driven by worries over the potential impact of AI investments on Big Tech.
Tech Sector Recovery
* Nasdaq 100 futures (NQ=F) rose 0.2%, offsetting over 3% losses from Monday's close.
* S&P 500 futures (ES=F) gained 0.1%, while Dow Jones Industrial Average futures (YM=F) remained flat.
* Tech stocks are expected to recover some of their losses from Monday's plunge, which was sparked by DeepSeek's cheaper AI model.
* Nvidia (NVDA) surged 3% pre-market after losing 17% on Monday, wiping out $589 billion in market value.
Dollar Strengthens Amid Tariff Worries
* The dollar (DX=F) appreciated after President Trump's renewed tariff threats, reigniting concerns about a trade war.
* Trump proposed "much bigger" tariffs than the 2.5% initially planned by Treasury Secretary Scott Bessent.
* Investors are closely monitoring the Federal Reserve's two-day policy meeting, which starts later Tuesday. Interest rates are expected to remain unchanged despite positive economic data.
Key Earnings Reports
* General Motors (GM) reported strong quarterly results, with growth in its EV and China businesses.
* Boeing (BA) posted a $12 billion annual loss due to a strike and unit problems.
* Investors are now focused on upcoming Big Tech earnings, including Apple (AAPL), Tesla (TSLA), Meta (META), and Microsoft (MSFT).