Stock futures rise slightly after tech shares rebound to start the week: Live updates

Stock futures rise slightly after tech shares rebound to start the week: Live updates

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U.S. stock futures rose slightly on Monday night, following a mostly higher session on Wall Street as investors jumped back into tech names after a fierce sell-off last week.

Dow Jones Industrial Average futures traded 56 points higher, or 0.1%. S&P 500 futures climbed 0.1% along with Nasdaq-100 futures.

The S&P 500 climbed 0.4% in regular trading, while the Nasdaq Composite advanced more than 1%, with tech leading the charge. Nvidia added 1.4%, and Tesla jumped 3.8%. Alphabet shares advanced about 1%.

Tech last week suffered a rout that spilled over into the broader market, as concerns grew around companies borrowing too much money for their artificial intelligence build-outs.

"Improving moods regarding the prospects of modern technology have Wall Street breathing a sigh of relief as participants drop hedges, after the cost of volatility protection soared intraday on Friday, ahead of the intensifying selloff," wrote Jose Torres, senior economist at Interactive Brokers.

CoreWeave, which fell more than 25% last week, tried to recover some of that decline after a Goldman Sachs upgrade to buy. However, early gains fizzled and the stock closed slightly lower.

Investors on Tuesday will parse through a slew of corporate earnings. United Airlines is due to post after the bell, while General Motors is set to report before the open.

It's a busy week of earnings, with roughly 70 S&P 500 companies on deck to report results. Housing starts and pending home sales figures are also scheduled for release Tuesday.

New Updates9 Mins AgoStocks are ready to move on from the AI rout. The credit market is notAI stocks rallied on Monday, but CoreWeave closed slightly lower as investors remained skittish about its debt. Yields on Oracle debt also remained elevated as credit worries persist across the AI trade.

The tech-heavy Nasdaq Composite gained 1% on Monday. CoreWeave, the so-called neocloud company that led the sell-off last week, bounced around, hit a 52-week low and ultimately closed fractionally lower. Meanwhile, its bond yields remained high and its five-year credit default swaps were at distressed levels.

Dow Jones Industrial Average futures traded 56 points higher, or 0.1%. S&P 500 futures climbed 0.1%. Nasdaq-100 futures advanced 0.2%.

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Reported by cnbc.com.

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