Stock futures are little changed after S&P 500 posts best day since early August: Live updates
The three major averages jumped to start the week's trading, catching a tailwind from a rally in AI-related stocks, as well as lower yields and oil prices.
TL;DR
- U.S. equity futures were little changed early Tuesday after a strong Monday rally fueled by AI stocks.
- The S&P 500 and Nasdaq Composite saw significant gains on Monday, marking their best performance in months.
- Tech stocks like Meta Platforms, Intel, and Advanced Micro Devices led the rally, with AMD reaching a $1 trillion market cap.
- Declining oil prices and falling Treasury yields also contributed to the stock market's gains.
- Asian markets, including South Korea, Australia, Hong Kong, and mainland China, traded higher on Tuesday.
- Japan's markets were closed for a holiday.
- Upcoming events include a summit between U.S. President Donald Trump and Chinese leader Xi Jinping, as well as economic data and speeches from Federal Reserve officials.
- Alibaba shares rose after unveiling a new AI chip and expanding data center plans.
- Taiwan's Taiex reached a record intraday high, driven by tech stocks.
- Despite the broad market gains, more stocks within the S&P 500 hit 52-week lows than highs on Monday, a potentially worrying sign.