FX.co ★ US Futures Edge Lower After Tech-Led Rebound

US stock futures edged lower on Tuesday after the S&P 500 and Nasdaq Composite started the week on a positive note, supported by a rebound in technology shares. In Monday’s regular session, the S&P 500 rose 0.3% and the Nasdaq Composite climbed 0.86%, partially retracing losses from the previous session, while the Dow Jones Industrial Average dipped 0.16%.

Gains were led by technology, energy, and consumer discretionary stocks, while utilities, real estate, and materials lagged. Chipmakers were a key driver of the advance, with Micron Technology (+9.9%), Nvidia (+1.7%), Marvell Technology (+9.6%), Intel (+11.2%), and Advanced Micro Devices (+5.1%) all posting strong increases.

Investors are now looking ahead to earnings reports from Casey’s General Stores, J.M. Smucker, and Designer Brands, among others, scheduled for release on Tuesday. Later in the week, fresh US CPI and PPI data will provide additional guidance on the Federal Reserve’s interest rate outlook.