U.S. stock futures were largely steady on Tuesday as Nvidia considered a comeback following a three-day decline, with investors adjusting portfolios for the end of the quarter. Nasdaq 100 futures rose 0.5% while S&P 500 futures were up 0.2%. Dow Jones Industrial Average Futures fell 0.1% after a strong start to the week. Investors are shifting focus to AI-related stocks as the tech rally faces challenges. Nvidia’s premarket rise of more than 2% followed a 6% drop on Monday. The Dow is showing signs of stability amid a shift from tech stocks to value stocks, suggesting broader sector gains. Key economic data including the PCE index, home prices, and consumer confidence are expected later in the week. Treasury Secretary Janet Yellen warned about the expiration of Trump’s tax cuts in 2025, raising concerns about market impact. Nvidia’s recent decline is analyzed by technical analyst Jonathan Krinsky, who highlights the stock’s significant performance compared to historical data.
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Today’s Stock Market Update: Nasdaq Poised for Growth Thanks to Nvidia’s Rebound
