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Fed's Bowman says rates should remain steady for some time

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Nvidia ( NVDA ), other chip stocks recover

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Spirit AeroSystems ( SPR ) falls after report of Boeing ( BA ) deal

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Futures: Dow down 0.10%, S&P 500 up 0.21%, Nasdaq up 0.44%

(Updated at 8:26 a.m. ET/1226 GMT)

By Ankika Biswas and Lisa Pauline Mattackal

June 25 (Reuters) -

The Nasdaq eyed a higher open on Tuesday as Nvidia ( NVDA ) and other

AI-linked stocks rose after bruising selloffs, while investors

awaited further cues on the monetary policy path based on

remarks by Federal Reserve officials and economic data this

week.

AI chip firm Nvidia ( NVDA ) advanced 2.5% before the

opening bell after losing nearly 13% and $430 billion in its

market value in the last three trading days.

Peers Micron Technology ( MU ), Broadcom ( AVGO ) and

Qualcomm ( QCOM ) were up around 1% each, while AI-optimized

server maker Super Micro Computer ( SMCI ) rose 2%.

The tech-heavy Nasdaq slumped more than 1% on Monday in

its steepest one-day fall since late April, as investors pulled

out of AI-linked stocks in favor of other sectors.

At the start of the week, investors bought into sectors

including utilities and energy that have

underperformed technology and tech-adjacent stocks this year.

However, futures tracking the Dow edged lower after the

blue-chip index hit a one-month high on Monday.

Technology and other growth stocks have driven the S&P

500 and the Nasdaq to record highs this year, but the

value-focused Dow continues to significantly lag the other

indexes, causing some to raise concerns over the sustainability

of equity strength.

"The question investors now need to ask is if the

sell-off has gone far enough since the stock (Nvidia ( NVDA )) is in

correction territory, or if this is a structural shift lower,

that will weigh on the major U.S. indices and allow other

regions and indices to play catch up," said Kathleen Brooks,

research director at XTB.

Data on the personal consumption expenditures (PCE) price

index - the Fed's preferred inflation gauge - on Friday is at

the top of the watch list, while investors will also keep an eye

out for consumer confidence data during the day.

Fed Governor Michelle Bowman said she still does not

forecast any reduction in the U.S. benchmark interest rate this

year.

Market participants see 61% odds of a 25-basis point

interest rate cut in September, and are eyeing around two cuts

by the end of the year, according to LSEG's FedWatch data.

A slew of quarterly corporate earnings are also scheduled

for the day, with cruise operator Carnival Corp ( CCL ) due

before markets open and parcel delivery giant FedEx ( FDX )

after the bell.

At 8:26 a.m. ET, Dow e-minis were down 41 points,

or 0.1%, S&P 500 e-minis were up 11.5 points, or 0.21%,

and Nasdaq 100 e-minis were up 86.25 points, or 0.44%.

Among others, Spirit AeroSystems ( SPR ) dropped 3.4%. A

report showed Boeing ( BA ) has offered to acquire the airplane

fuselage maker in a deal funded mostly by stock that values its

key supplier at about $35 per share. Boeing ( BA ) shares slipped 1.2%.

Trump Media & Technology Group ( DJT ) rose 11% and was set

to extend Monday's strong gains. The company had announced it

expected $69.4 million in proceeds from cash exercise of

warrants.