U.S. stock futures were flat on Tuesday evening after a muted day on Wall Street. The major stock indexes, including the S&P 500 and Dow Jones, showed minor gains
YahooFinance- US stock futures were near the flatline on Tuesday evening after following a muted day on Wall Street, as investors are waiting to get fresh signals on inflation and monetary policy.
The contracts associated with Dow Jones Industrial Average(YM=F), the S & P500(ES=F), and NASDAQ 100(NQ=F) were all found near the baseline.
During normal market hours, all of the major stock indexes showed a small gain – the S&P 500 and NASDAQ both gained about 0.10% while the Dow Jones gained about 32 points or 0.10% as well.
Investors continue to remain concerned over how AI will impact companies’ business models and how it will change the way in which companies compete with each other; this may explain the continued pressure on technology companies’ stock prices — particularly in the software sector.
For instance, Strategy (MSTR), a firm that does business analytics and provides software for managing bitcoin, saw its shares fall 3% today. Similarly, CrowdStrike (CRWD), a cybersecurity company, saw its shares decline 3.6% today.
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Investors are now looking for Wednesday’s release of the January Fed Meeting Minutes to get insights about policymakers’ thinking. However, the key macro event for the week will occur on Friday when the Personal Consumption Expenditures Index is released.
Also, Wednesday is the day that DoorDash (DASH), eBay (EBAY), and Analog Devices (ADI) will all announce their respective earnings.
