US stock futures hovered near the flatline Tuesday evening following a muted day on Wall Street, as investors looked ahead to fresh signals on inflation and monetary policy.
Contracts linked to the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F) and the Nasdaq 100 (NQ=F) all hovered around the baseline.
During regular trading, the major benchmarks eked out modest gains. The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) each rose about 0.1%. The 30-stock Dow Jones Industrial Average (^DJI) added roughly 32 points, or just under 0.1%.
Technology shares, particularly in software, remained under pressure as investors continue to weigh the long-term impact of AI on business models and corporate competition. Business intelligence firm and bitcoin asset investor Strategy (MSTR) fell 3%, while cybersecurity firm CrowdStrike (CRWD) fell 3.6%.
Investors now turn their attention to the Federal Reserve’s January meeting minutes, due Wednesday, for additional insight into policymakers’ thinking. The week’s key macro event, however, arrives Friday with the release of the Personal Consumption Expenditures index.
On the corporate calendar, earnings from DoorDash (DASH), eBay (EBAY) and Analog Devices (ADI) are set for release Wednesday.
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