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US Stock Futures Rise as AI Optimism Lifts Tech, 3M Jumps on Strong Earnings

US Stock Futures Rise as AI Optimism Lifts Tech, 3M Jumps on Strong Earnings. Source: Shashank457, CC BY-SA 4.0, via Wikimedia Commons

U.S. stock futures moved higher on Tuesday, led by semiconductor and technology stocks, as investors looked ahead to a busy week of corporate earnings that could determine whether the artificial intelligence-driven rally still has room to run.

As of 05:27 ET (09:27 GMT), Dow Jones futures gained 167 points, or 0.3%, while S&P 500 futures advanced 0.5%. Nasdaq 100 futures outperformed with a 1.3% rise, supported by renewed buying in AI-related and semiconductor shares after recent market weakness.

Investors are closely watching upcoming earnings from major technology and chip companies, with results expected to provide fresh insight into AI demand, corporate spending, and whether current stock valuations remain sustainable.

Among the biggest premarket movers, 3M surged 5.7% after reporting stronger-than-expected second-quarter earnings and raising its full-year profit outlook. The industrial giant posted adjusted earnings per share of $2.40 on adjusted sales of $6.5 billion, both above Wall Street estimates. Organic sales increased 5.4% year over year, while operating margins approached 25%, reinforcing confidence in the company's turnaround strategy.

General Motors slipped 1.3% despite beating analyst expectations with adjusted earnings of $3.57 per share on $48.0 billion in revenue. The automaker also raised its full-year adjusted EBIT and earnings guidance, but investors appeared to expect stronger signs of long-term growth.

Elsewhere, Ceragon Networks jumped 14% after announcing a five-year contract worth about $70 million with a major Asia-Pacific telecom operator to expand 4G and 5G infrastructure.

Workday fell 4.2% after Morgan Stanley downgraded the stock to "Underweight," citing concerns over slowing growth in its core human capital management business. MSCI dropped 6.7% after quarterly results failed to meet elevated investor expectations.

Equifax lost 8.5% after issuing weaker-than-expected guidance despite posting a slight earnings beat, while Danaher declined 8.4% as investors reacted to softer bioprocessing revenue and project delays, overshadowing better-than-expected quarterly earnings.

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