U.S. stock futures were steady early Tuesday after the S&P 500 (SPX) fell for a second straight session, as pressure in tech stocks lingered. Futures on the Nasdaq 100 (NDX) and the S&P 500 Index slipped 0.04% and 0.02%, respectively, while Dow Jones Industrial Average (DJIA) futures edged up 0.01% as of 4:05 a.m. EDT on December 30.
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In yesterday’s regular trading, U.S. stocks ended lower across the board. The S&P 500 finished down 0.35%, while the Nasdaq 100 slipped 0.46%. At the same time, the Dow fell 0.51%.
The pullback came as investors locked in profits from some of this year’s big tech winners. Artificial intelligence names led the decline, with Nvidia (NVDA) dropping more than 1% and Palantir Technologies (PLTR) sliding 2.4%. Elsewhere in tech, Oracle (ORCL) lost 1.3%, while Tesla (TSLA) tumbled more than 3%.
Looking ahead, investors are watching for the Fed’s December meeting minutes later today for clues on interest rates. In a related development, President Donald Trump said he has a preferred candidate to lead the Federal Reserve, but is in no rush to name a replacement. Trump also said current Fed Chair Jerome Powell “should resign” and said a decision could come in January.
Meanwhile, the U.S. 10-year Treasury yield was slightly up, floating near 4.118%. Also, WTI crude oil futures were trending higher, hovering near $62.1 per barrel as of the last check. The Gold Spot U.S. dollar price also increased to nearly $4,363 per ounce.
Elsewhere, European stocks rose on Tuesday, led by gains in basic resources and bank shares.
It must be noted that the market will be closed Thursday for New Year’s Day.
Asia-Pacific Markets Traded Mixed Today
Asia-Pacific markets were mixed on Tuesday, tracking further losses in U.S. technology stocks as investors stayed cautious over AI bubble concerns.
Hong Kong’s Hang Seng Index closed 0.86% higher. In China, the Shenzhen Component was up 0.49%. Meanwhile, Japan’s Nikkei lost 0.37%, and the Topix declined 0.51%.
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