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Tech Recovery Wobbles as Fed Minutes Awaited

Investing.com •
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US stock futures dipped Tuesday as tech sector recovery showed fragility. S&P 500 futures fell 0.1% while Nasdaq 100 futures declined 0.2%, reflecting lingering concerns over artificial intelligence-driven disruptions that have pressured the technology sector in recent weeks.

Investors await key economic indicators and Federal Reserve minutes for guidance on interest rate policy. The central bank's January meeting minutes release Wednesday, along with January retail sales data and the Fed's preferred inflation gauge, the PCE reading, will likely shape market expectations.

Tech stocks remained volatile after Nvidia and Meta announced a multi-year AI partnership, with Nvidia set to supply millions of chips to Meta. The deal sent both stocks up about 0.6% each, while AMD initially dropped 4% before trimming losses to 2%, highlighting ongoing competition tensions in the artificial intelligence chip space.