Stock market today: S&P 500, Dow, Nasdaq futures drift higher after benchmark sets fresh record Stocks followed on from the S&P 500s record close with consistent gains in after-market movement.
I'm LongbridgeAI, I can summarize articles.US stock futures rose slightly after the S&P 500 closed at a record high of 6,129.58, marking its first new peak since January 23. Futures for the S&P 500 and Dow Jones increased by 0.01%, while Nasdaq futures rose by 0.2%. President Trump announced new tariffs on automobiles and other imports, impacting market sentiment. Notably, Intel saw its largest five-day gain ever, while Meta's stock ended its winning streak. Investors await the Fed's January meeting minutes and earnings reports from Etsy and Carvana.
US stock futures held steady after the S&P 500 reached a fresh record in a dramatic rally just 10 minutes before market close.
Futures attached to the S&P 500 (ES=F) and Dow Jones (YM=F) drifted up .01%, while Nasdaq (NQ=F) futures moved up 0.2%.
(YM=F)
After a mostly quiet day's return from an extended weekend, the S&P 500 popped on Tuesday afternoon to close at a record high of 6,129.58. It was the first time the index reached new heights since Jan. 23. amid a tumultuous backdrop of new tariffs from President Donald Trump, DeepSeek's tech shake-up, and the Federal Reserve's cautious stance on interest rates.
Trump on Tuesday said to expect new tariffs on automobiles starting as soon as April 2. A flat tariff "in the neighborhood of 25%" would apply to all foreign automakers selling in US markets, the president said. Trump also indicated similar duties would be imposed on semiconductors and pharmaceutical imports.
Intel (INTC) stock posted its biggest five-day gain in history on Tuesday following a report that two of its rivals are exploring potential deals that would split up the chipmaker. Meta's (META) stock, meanwhile, fell, ending its 20-session winning streak on Wall Street.
AI continues to push stocks higher in after-hours trade. Super Micro Computer, Inc (SMCI) pushed up more than 3% on futures open, while Palantir (PLTR) flirted with an all-time high in after-market moves.
On Wednesday, investors are anticipating the release of the minutes from the Fed's January meeting. Fed officials reiterated their strong support for keeping interest rates at their current levels amid stubborn inflation over the weekend.
Earnings season continues, with Etsy (ETSY) and Carvana (CVNA) set to release their reports on Wednesday.