New York, Aug 25: US stock futures moved higher in Asian trading on Tuesday, with Nasdaq futures leading gains as investors prepared for Nvidia’s highly anticipated earnings and a week filled with important inflation and Federal Reserve signals.
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S&P 500 futures gained 0.1 per cent to 7,680.25, while Nasdaq 100 futures climbed 0.5 per cent to 29,237. Dow Jones futures remained largely unchanged at 53,492.
The positive start comes after a mixed session on Wall Street. The Dow Jones Industrial Average gained 0.3 per cent, while the S&P 500 fell 0.3 per cent and the Nasdaq Composite declined 0.8 per cent.
Technology stocks remain at the centre of investor attention. Nvidia shares fell 2.9 per cent in the previous session, along with other major semiconductor stocks. The company's upcoming results are expected to provide an important update on demand for artificial intelligence infrastructure and the sustainability of heavy investment in the sector.
Investors are also monitoring developments around US economic measures against Iran, with concerns over their potential impact on global trade and energy markets.
Oil prices edged lower on Tuesday following a sharp decline in the previous session. Brent crude traded below $92 a barrel, offering some relief to markets amid continued concerns over inflation and energy costs.
US Treasury yields also remained in focus after reports that the Treasury could use funds from its General Account to support an expanded government bond-buyback programme. Lower yields could provide some support to equity markets by easing financial conditions.
The 10-year Treasury yield was around 4.70 per cent, while the 30-year yield eased to approximately 5.23 per cent.
The next major market trigger is expected to be the July Personal Consumption Expenditures (PCE) inflation report, a key measure watched by the Federal Reserve. Investors will also closely follow upcoming Fed commentary for clues about the future path of interest rates.
With strong AI expectations, inflation data, Treasury yields and geopolitical developments all shaping sentiment, markets are heading into a closely watched week with investors looking for fresh catalysts.
