U.S. stock futures were steady Monday night after the S&P 500 (SPX) fell for a second straight session, with tech stocks still under pressure. Futures on the Nasdaq 100 (NDX) and the S&P 500 Index slipped 0.12% and 0.06%, respectively, while the Dow Jones Industrial Average (DJIA) futures edged up 0.01% at 8:39 p.m. EDT on December 29.
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In 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%.
Adding to the pressure, the materials sector also weighed on the market. Precious metals stocks moved sharply lower after silver futures posted their worst session since 2021.
Looking ahead, the Fed will release the minutes from the December 9-10 Federal Open Market Committee (FOMC) meeting on Tuesday and provide investors with additional clues on the rate path outlook.
It must be noted that the market will be closed Thursday for New Year’s Day.
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