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Investor Sentiment Improves After Slump in Tech, Driving Narrow Premarket Gains for US Equity Futures
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Investor Sentiment Improves After Slump in Tech, Driving Narrow Premarket Gains for US Equity Futures
Jan 28, 2025 5:23 AM

08:04 AM EST, 01/28/2025 (MT Newswires) -- US equity futures were marginally higher pre-bell Tuesday, with investor sentiment recovering after a technological sector slump fueled by concerns over Chinese AI startup DeepSeek.

Dow Jones Industrial Average futures gained 0.01%, S&P 500 futures increased 0.1%, and Nasdaq futures were up 0.1%.

The S&P 500 and Nasdaq Composite closed lower on Monday after DeepSeek's rapid rise. DeepSeek launched an open-source artificial intelligence model that could potentially run on less-advanced chips.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.7% at $76.65 per barrel and US West Texas Intermediate crude up 0.7% at $73.64 per barrel.

Durable goods, scheduled for release at 8:30 am ET, are expected to show an increase of 0.3% in December following a 1.1% drop in the preceding month, according to estimates compiled by Bloomberg.

Consumer confidence, due at 10 am ET, is seen recovering to 105.7 in January from 104.7 in December.

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