Nasdaq, S&P Futures Rise Despite Tech Sell-Off; Investors Eye Fed Meeting
Nasdaq 100 (NQ=F) futures gained 0.2% on Tuesday, rebounding from a 3% loss on Monday. S&P 500 futures (ES=F) rose 0.1%, while Dow Jones Industrial Average futures (YM=F) traded flat.
The gains followed a tech-led sell-off sparked by concerns about competition from Chinese AI firm DeepSeek. Chipmaker Nvidia (NVDA) surged 3% premarket after losing 17% in the previous session.
Meanwhile, the dollar (DX=F) strengthened after President Trump threatened new tariffs, reigniting trade war fears. Investors are watching the Federal Reserve's two-day policy meeting later Tuesday for clues on the impact of these policies.
General Motors (GM) posted strong earnings, beating estimates for sales and profit. Boeing (BA) reported an annual loss due to a strike and issues in key units.
Focus is now on upcoming earnings from Apple (AAPL), Tesla (TSLA), Meta (META), and Microsoft (MSFT), amid the DeepSeek challenge to Big Tech leadership in AI.