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Stocks futures were rising early Tuesday, building on gains from a tech comeback that has powered the market higher over the past two trading sessions.
Futures tracking the Dow Jones Industrial Average rose 63 points, or 0.1%. Contracts tied to the benchmark S&P 500 were up 0.2% and the tech-heavy Nasdaq 100 was up 0.1%.
The three major indexes all rose on Monday, with the Dow clinching a record high. Stocks rebounded at the end of last week following a brutal software selloff, but the rally may well be driven by dip-buying rather than a sign that Wall Street has got over the worst of its fears about artificial intelligence.
Investors’ focus will now shift to economic data releases delayed by last month’s short-lived government shutdown. Retail sales figures on Tuesday will give the market a better sense of how consumer spending is holding up, which could help decide if the Federal Reserve has scope to cut interest rates at all in 2026.
The dollar ticked up 0.1% against a weighted basket of its peers on Tuesday. The greenback tumbled 0.8% the previous session after a report said China’s government had asked banks to cut their exposure to Treasuries, which revived the so-called sell America trade.
Brent and West Texas Intermediate oil prices were a touch lower as traders tried to figure out if ongoing tensions between the U.S. and Iran will disrupt global crude supplies.
Copper futures fell 0.9% ahead of the Chinese Lunar Year holiday, which could lead to a slowdown in demand. Gold futures dropped 0.4% as traders tried to figure out where rates are headed.
“It’s a sea of red for commodities this morning, with gold, copper and oil all softer as investors lock in profits and weigh geopolitical risk against a cooling growth and policy outlook,” Hargreaves Lansdown equity analyst Matt Britzman said.
The yield on the 10-year Treasury note slipped 3 basis points to 4.19%. U.K. bond prices were also rising after Prime Minister Keir Starmer didn’t quit, despite pressure from members of his own party. Yields on 10-year gilts were 3 basis points lower, at 4.51%.
