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Royal Caribbean rises on higher-than-expected profit

forecast

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Jan consumer confidence data due at 10 a.m. ET

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Futures: Dow down 0.11%, S&P 500 up 0.1%, Nasdaq up 0.21%

(Updates with results from Boeing ( BA ), Royal Caribbean)

By Shashwat Chauhan and Sukriti Gupta

Jan 28 (Reuters) - S&P 500 and Nasdaq futures steadied

on Tuesday after steep losses in the previous session driven by

the popularity of a low-cost Chinese artificial intelligence

model that rattled stocks of U.S. companies invested in the

technology.

Monday's selloff came after Chinese startup DeepSeek

launched AI models it says are on a par or better than

industry-leading models in the United States at a fraction of

the cost.

"The narrative on Monday was that the eye-watering sums

spent on AI capex by mega-cap tech companies could be somewhat

obsolete if a cheaper solution exists," analysts at BCA Research

said in a note.

AI chip leader Nvidia ( NVDA ) rose 3.5% in premarket

trading, a day after $593 billion was wiped off its market value

in the biggest single-session loss for any company.

Other AI-linked stocks also regained some ground, with

Oracle and Broadcom ( AVGO ) rising 1.8% and 2.3%,

respectively.

Power companies, which are expected to see a surge in demand

from energy-intensive data centers needed to develop AI

technology, were broadly higher after tumbling a day earlier.

Vistra ( VST ) and GE Vernova ( GEV ) added 2.9% and 2.1%.

The tech-heavy Nasdaq dropped more than 3% on

Monday, its worst single-day showing in more than a month, while

the benchmark S&P 500 fell close to 1.5%.

At 07:16 a.m. ET, Dow E-minis were down 51 points,

or 0.11%, S&P 500 E-minis were up 6 points, or 0.1%, and

Nasdaq 100 E-minis were up 45 points, or 0.21%.

Boeing ( BA ) edged 0.3% lower after reporting an annual

loss of $11.83 billion, its largest since 2020, as the

planemaker grappled with problems at its commercial and defense

units and the fallout from a crippling worker strike.

Royal Caribbean gained 5.8% after the cruise

operator forecast annual profit largely above expectations.

Earnings from "Magnificent 7" members Microsoft ( MSFT ),

Facebook-parent Meta, Apple ( AAPL ) and Tesla

are due later this week.

Also in focus, the Federal Reserve is widely expected to

hold its lending rate steady in its first interest-rate decision

of the year on Wednesday, while the December reading of personal

consumption expenditures (PCE) is scheduled for Friday.

A January consumer confidence reading is due at 10 a.m. ET

later in the day.

U.S. President Donald Trump said late on Monday he plans to

impose tariffs on imported computer chips, pharmaceuticals and

steel.

A media report said newly elected Treasury secretary Scott

Bessent has been pushing for new universal tariffs on U.S.

imports to start at 2.5% and rise gradually by the same amount

each month.

Markets have been on edge about Trump's proposed tariffs on

concerns they could exacerbate inflationary pressures and slow

Fed rate cuts.