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Investor Sentiment Stabilizes After Tech Rally, Stifling US Equity Futures Pre-Bell
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Investor Sentiment Stabilizes After Tech Rally, Stifling US Equity Futures Pre-Bell
Jan 7, 2025 5:35 AM

08:09 AM EST, 01/07/2025 (MT Newswires) -- US equity futures were little changed premarket Tuesday, with investor sentiment stabilizing after a rally in technology stocks.

The Dow Jones Industrial Average futures rose 0.2%, S&P 500 futures increased 0.2%, while Nasdaq futures flatlined.

Technology stocks got a boost Monday after Microsoft ( MSFT ) President Brad Smith unveiled Friday the company's plan to invest $80 billion in fiscal 2025 to build artificial intelligence-enabled data centers.

Oil prices were higher, with front-month global benchmarks North Sea Brent crude up 0.8% at $76.92 per barrel and US West Texas Intermediate crude 0.6% higher at $74.02 per barrel.

US trade deficit, scheduled for release at 8:30 am ET, is seen widening to $78.3 billion in December from $73.8 billion in the prior month, according to estimates compiled by Bloomberg.

The Institute for Supply Management Services index, due at 10 am ET, is seen rising to 53.5 in December from 52.1 previously. Forecasters see job openings based on the US Department of Labor's Job Openings and Labor Turnover Survey dropping to 7.73 million in November from 7.74 million previously.

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