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Nasdaq futures gain as investors buy the dip in the AI trade: Live updates

Stock futures advanced following a sharp market downturn that hit major indexes the previous week. Nasdaq-100 futures increased 0.4 percent on Sunday night as traders purchased shares in artificial intelligence-related stocks despite lingering anxieties about the sector. Last week, the S&P 500 dropped nearly 2 percent for its biggest weekly decline since late June, while the Nasdaq fell 4.5 percent and broke a four-week winning streak. Markets prepared for a busy earnings week with upcoming reports from major technology companies, which investors hope will stabilize sentiment after recent volatility.

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  • โœ“ Nasdaq-100 futures added 0.4% on Sunday night.
  • โœ“ The S&P 500 lost nearly 2% the previous week, marking its biggest weekly decline since late June.
  • โœ“ The Nasdaq fell 4.5% and snapped a four-week winning streak during the prior week.
๐Ÿ›ก๏ธ Source Corroboration: 16 independent reporting domains (90% confidence) โฑ Read time: ~2 min

What changed

Nasdaq futures moved higher as traders bought into artificial intelligence stocks following the previous week's sharp rout.

Live updates

  1. Nasdaq Futures Gain as Investors Buy the Dip in AI Trade

    Stock futures advanced following a sharp market downturn that hit major indexes the previous week. Nasdaq-100 futures increased 0.4 percent on Sunday night as traders purchased shares in artificial intelligence-related stocks despite lingering anxieties about the sector. Last week, the S&P 500 dropped nearly 2 percent for its biggest weekly decline since late June, while the Nasdaq fell 4.5 percent and broke a four-week winning streak. Markets prepared for a busy earnings week with upcoming reports from major technology companies, which investors hope will stabilize sentiment after recent volatility.

    Why it matters

    The recent market turbulence stems from a global technology selloff driven by waning enthusiasm for artificial intelligence stocks and scrutiny over sector spending. Attention has focused on CoreWeave and its debt-fueled data-center model, highlighting broader questions regarding credit and capital expenditures in the technology industry. Upcoming corporate earnings reports are seen as a critical test for whether the technology sector can maintain its momentum.

    What is confirmed

    • Nasdaq-100 futures added 0.4% on Sunday night.
    • The S&P 500 lost nearly 2% the previous week, marking its biggest weekly decline since late June.
    • The Nasdaq fell 4.5% and snapped a four-week winning streak during the prior week.

    Still unconfirmed

    • The market outlook depends on whether financier and energy risks recede and AI capital expenditures stabilize.

    What to watch next

    • Upcoming earnings reports from Meta and Tesla
    • Developments regarding CoreWeave and its debt-fueled data-center model
    • Broader energy and geopolitical developments affecting technology stocks
    Sources used for this update (20)
    1. www.investors.com โ€” Stock Market Today: Stock Market News And Analysis
    2. CNN โ€” Global tech selloff deepens as enthusiasm for AI stocks wobbles
    3. Investor's Business Daily โ€” Dow Jones Futures Loom After S&P 500, Nasdaq Sell-Off; Will Meta Save AI?
    4. www.cnbc.com โ€” Stock market today: Live updates - CNBC
    5. CNBC โ€” Nasdaq futures gain as investors buy the dip in the AI trade: Live updates
    6. Bloomberg.com โ€” US Stock Futures Rise Ahead of Busy Earnings Week: Markets Wrap
    7. Barron's โ€” Stock Futures Rise Ahead of Another Busy Earnings Week
    8. Yahoo Finance โ€” Black Monday Fears Fade as Nasdaq Futures Rally After Friday Selloff
    9. MarketWatch โ€” Stock Market Today: Dow, S&P 500 and Nasdaq set to bounce back ahead of crucial week of tech earnings
    10. Financial Times โ€” US stocks set for rebound after AI sell-off
    11. WSJ โ€” Stock Market Today: Stock Futures Rebound After Friday's Tech Selloff โ€” Live Updates
    12. Yahoo Finance โ€” Why Are Nasdaq Futures Soaring Premarket? NBIS, MU, TSLA, SPCX, ASTS, SLS Stocks In Focus
    confidence 90%
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