S&P 500 Futures Slip 0.2% as Dow Tops 53,000
SPY•S&P 500 futures fell 0.2% on Tuesday after the Dow closed above 53,000 for the first time, while Nasdaq-100 futures dropped 0.9%. Monday’s session rallied the S&P 500 by 0.7% led by semiconductor gains (Western Digital +7%, AMD +6.6%) even as Rivian shares plunged 9% in a 75 million-share offering.
1. Mixed Futures Trading and Record Dow
On Tuesday, S&P 500 futures declined 0.2% and Nasdaq-100 futures fell 0.9% while Dow Jones Industrial Average futures rose 0.1%, following Monday’s session that propelled the Dow above 53,000 for the first time in history.
2. Semiconductor Stocks Boost S&P 500
In Monday’s trading, the S&P 500 advanced 0.7% led by semiconductor names as Western Digital surged 7% and Advanced Micro Devices climbed 6.6% on sector-wide rebounds.
3. Rivian’s Dilutive Offering Pressures Market
Electric-vehicle maker Rivian dropped 9% after launching a public offering of 75 million shares, contributing to broader market volatility at the open.
