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US stock futures steadied on Tuesday after confidence in artificial intelligence and falling oil prices spurred a rally on Wall Street.
Futures on the Nasdaq-100 (NQ=F) fell below the flatline after the tech-heavy Nasdaq Composite toucheda record highthe day before.
S&P 500 futures (ES=F) were little changed, while those on the Dow Jones Industrial Average (YM=F) slipped 0.2%.
Stocks kicked off the week with strong gains as US and Chinese officials wrapped up talks ahead ofa capstone meetingbetween President Trump and Chinese leader Xi Jinping.
Treasury Secretary Scott Bessent called the preliminary talks "very successful," lifting hopes of cooperation on artificial intelligence.
Meta (META) shares, whichpopped 11% onMonday, lifted the "Magnificent Seven" stocks after the company's Muse AI agent app hit the top spot in the App Store, sending a bullish signal about chip demand.
The US rally in tech stocks spilled over into Asian markets, with the Nikkei (^N225) and KOSPI (^KS11) indexes gaining on Tuesday.
Although oil prices ticked up again,improved oil flowsthrough the Strait of Hormuz have kept the critical product below $100 per barrel.
KB Home (KBH) and AutoZone (AZO) report earnings on Tuesday amid a light week for economic data and earnings.
Economic data:ADP weekly employment change, week ended Sept.
5 (+16,250 previously); Philadelphia Fed non-manufacturing index, September (-10.6 previously); Richmond Fed manufacturing index, September (4 previously); Richmond Fed business conditions, September (-12 previously) Earnings calendar:THOR Industries (THO), KB Home (KBH) Catch up on some top stories you might have missed overnight: Meta stock soars on price target increase, Muse AI downloads Alibaba unveils AI chip to drive 20GW of data centers by 2032 How a Bangladeshi garment-maker is fighting the Middle East energy crunch Canada aims to cut time needed for project reviews, and address strikes Oil rises slightly ahead of potential US-Iran talks Technology stocks powered Asian markets higher on Tuesday as lower oil prices lifted sentiment and investors pinned their hopes on US-Iran talks, while the dollar stood tall on bets that more hikes are needed to rein in inflation.
Attention is also turning to a high-stakes meeting between Donald Trump and Xi Jinping later this week, with investors watching for signs the leaders of the world's two largest economies can prevent a further deterioration in relations.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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