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Stock market today: Nasdaq set for gains as Nvidia turns a corner

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Nvidia News

Nasdaq,US Stock Futures

Stocks are hoping to add a punchline to what's been a high-flying quarter thus far.

US stock futures held broadly steady on Tuesday with AI chipmaker Nvidia eyeing a cautious comeback from a three-day skid as investors squared away their portfolios for the quarter's end. Futures on the tech-heavy Nasdaq 100 moved up roughly 0.5%, while those on the benchmark S&P 500 rose 0.2%. Dow Jones Industrial Average futures slipped 0.1% after surging over 200 points to start the week.

Shares in the AI darling rose over 2% in premarket trading, coming off a fall of over 6% on Monday. At the same time, the Dow looks to be finding its feet amid the shift from techs to value stocks, giving weight to the idea of a broadening in gains to other sectors. Elsewhere, the wait is on for Friday's update to the Personal Consumption Expenditures index, a favored inflation input for the Federal Reserve.

 

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