US stock futures rise on tech rebound before Nvidia, inflation tests
QQQ•Futures rise as tech rebounds
U.S. stock index futures inched up on Tuesday as technology stocks recovered from sharp declines in the previous session and investors awaited a key inflation report and results from AI bellwether Nvidia.
The benchmark S&P 500 and the tech-heavy Nasdaq .IXIC closed lower on Monday after a selloff in semiconductor shares, with markets balancing AI-driven growth against lofty valuations.
Most megacaps were higher in premarket trading on Tuesday, with Nvidia NVDA.O up 1.3% and Meta META.O gaining 1%.
Memory chipmaker Micron MU.O added 2.3%, while data-storage companies Western Digital WDC.O and Sandisk SNDK.O rose 2.7% and 3%, respectively.
Investors await Nvidia and inflation data
At 05:23 a.m. ET, Dow E-minis YMcv1 rose 176 points, or 0.33%, S&P 500 E-minis EScv1 gained 30.25 points, or 0.39%, and Nasdaq 100 E-minis NQcv1 added 219 points, or 0.75%.
