FX.co ★ US Futures Slip After Record-Setting Rally

US stock futures slipped on Tuesday, pausing after Wall Street began the week with strong gains and another record close for the Dow. On Monday, the Dow added 0.29%, closing above the 53,000 level for the first time. The S&P 500 and Nasdaq Composite also advanced, rising 0.72% and 1.12%, respectively, buoyed by strength in technology shares. Leading the gains were Tesla (+6.7%), AMD (+6.6%), Meta Platforms (+3.0%), Broadcom (+3.7%), and Western Digital (+7.1%).

In after-hours trading, Rivian tumbled more than 9% after the electric vehicle maker announced a public offering of 75 million common shares. Meanwhile, Samsung Electronics slipped in pre-market trading in South Korea, even after reporting stronger-than-expected profits driven by robust demand for AI data center memory chips.