US Stock Futures Hold Steady as Investors Weigh Tech Sell-Off Ahead of Holiday Weekend

Deep News
Yesterday

U.S. stock index futures remained largely unchanged in early Asian trading on Tuesday, following another difficult week for technology stocks. Dow Jones Industrial Average futures rose by approximately 80 points, or 0.2%. S&P 500 futures edged up 0.1%, while Nasdaq 100 futures declined 0.2%.

Gold and silver futures fell on Monday, while Bitcoin continued to trade below the $70,000 mark. Crude oil futures advanced more than 1% as investors remained concerned about potential U.S. military action against Iran.

Although markets closed mostly higher on Friday, all three major U.S. stock indices finished the week in negative territory, dragged down by persistent worries over the disruptive potential of artificial intelligence on the tech sector. The Dow dropped 1.2%, marking its worst weekly performance since November of last year. The S&P 500 fell 1.4%, and the Nasdaq Composite tumbled 2.1%, extending its losing streak to five consecutive weeks—the longest such stretch since 2002. U.S. markets were closed on Monday in observance of Presidents' Day.

Earlier, a moderate inflation report released on Friday showed that price increases in January were lower than anticipated, offering encouraging signs for Federal Reserve officials considering future interest rate cuts. The report fueled hopes that the U.S. economy could achieve a rare soft landing—lowering inflation to the Fed’s 2% annual target without triggering a recession.

Looking ahead, the Federal Reserve will release minutes from its latest meeting on Wednesday, and another key inflation indicator—the core Personal Consumption Expenditures index—will be published on Friday.

Meanwhile, the fourth-quarter earnings season is nearing its conclusion. Despite more companies reporting better-than-expected results, the positive corporate news has done little to lift the stock market, as concerns over AI-related spending and its potentially disruptive impact on certain sectors—particularly software—have led to a sharp shift in investor sentiment.

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