U.S. Stock Futures Rise, Fueled by Tech and Interest Rate Sentiment
Futures contracts tied to the S&P 500 (ES=F) and Dow Jones (YM=F) gained marginally by 0.01%, while Nasdaq (NQ=F) futures rose 0.2%.
S&P 500 Reaches New Record
After a subdued start following an extended weekend, the S&P 500 surged on Tuesday to close at a historic high of 6,129.58. This marked the index's first record level since January 23.
Tariffs, Tech Shake-ups, and Fed Caution
The rally occurred amidst new tariffs announced by President Donald Trump on Tuesday, DeepSeek's tech industry shake-up, and the Federal Reserve's cautious approach to interest rates.
Intel Soars, Meta Dips
Intel (INTC) shares experienced their largest five-day gain ever after reports emerged of potential deals that could divide the chipmaker. Meta (META) stock, however, declined, ending its 20-session winning streak.
AI Powers After-Hours Trade
Artificial intelligence (AI) continued to drive stock gains in after-hours trading. Super Micro Computer, Inc (SMCI) surged over 3% at market open, while Palantir (PLTR) approached its highest-ever price in after-market moves.
Fed Minutes and Earnings Reports Awaited
Investors eagerly anticipate the release of minutes from the Fed's January meeting on Wednesday. Fed officials have indicated unwavering support for maintaining current interest rates amid persistent inflation. Additionally, earnings season continues with reports expected from Etsy (ETSY) and Carvana (CVNA).