NEW YORK: US stock futures were little changed Tuesday after an AI-driven rally lifted Wall Street a day earlier. Lower oil prices also supported market sentiment.
Early Tuesday trading showed S&P 500 futures up about 0.1%. Dow futures gained roughly 0.3%, while Nasdaq futures were little changed, according to Investopedia.
The muted moves followed strong gains on Monday. The Nasdaq Composite jumped 2.3% to a record 27,122.09. The S&P 500 rose 1.5%, while the Dow Jones Industrial Average gained 0.7%.
Meta Platforms, Inc. (NASDAQ: META) climbed more than 11% during Monday’s session. The rally followed strong early adoption of its Muse AI agent. Advanced Micro Devices and Intel also posted sharp gains.
The Philadelphia Semiconductor Index surged 4.3%, reflecting renewed demand for AI-linked chip stocks. The Nasdaq recorded its first record close since early June.
Read: Meta Muse AI Rally Lifts Asian Chip Stocks, Gains Fade
Oil prices provided another market catalyst. Brent crude traded below USD 100 a barrel Tuesday after reports that Iran had offered a conditional path to reopen the Strait of Hormuz within seven days.
Read: Wall Street Rises on AI Stocks as Meta, Nvidia Lift S&P 500 and Nasdaq
Concerns continued over Middle East supply disruptions and inflation risks. Traders remained focused on whether lower energy costs could persist.
