Tesla is leading the premarket advance among the group of seven major U.S. technology stocks, which are poised to extend their gains on Tuesday. U.S. stock index futures are also trading higher, while crude oil prices are extending their decline.
Among the tech giants, Tesla rose 1.2%, Amazon.com gained 0.7%, Meta Platforms, Inc. increased 0.6%, Alphabet advanced 0.5%, Apple climbed 0.4%, NVIDIA edged up 0.3%, and Microsoft added 0.2%.
The Bloomberg equal-weighted index tracking these seven stocks has declined 6.3% year-to-date. After surging 67% in 2024 and more than doubling in 2023, the index has risen 25% so far in 2025.
S&P 500 futures advanced 0.3%, while Nasdaq 100 futures gained approximately 0.4%.