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Tech led a sharp pullback in US stock futures on Tuesday as doubts about the AI-fueled rally crept in and investors waited for the next rush of quarterly earnings.
US stock futures rose Monday morning as Wall Street looked to extend last month’s momentum into November.
Markets are in the midst of the busiest week for third quarter earnings, with results from several Big Tech companies highlighting the calendar.
President Trump announced Thursday that the US would halve its fentanyl-related tariffs on Chinese goods as part of a reset in relations that includes China stepping back from its promise to restrict rare earth mineral exports for a year.
US stocks traded mostly higher on Wednesday after another record-setting session on Wall Street as investors braced for the Federal Reserve’s policy decision to help set odds for future interest-rate cuts. S&P 500 futures rose 0.3%, while those on the tech-heavy Nasdaq 100 gained roughly 0.6%.
US stock futures regrouped on Tuesday on the heels of notching fresh records, as investors assessed President Trump's trade moves in Japan as they waited for this week's wave of potentially market-moving events.