US stock futures displayed a mixed performance Tuesday night, as investors navigated a challenging session characterized by a sell-off in technology shares and cautious anticipation ahead of a busy earnings week.
The Dow Jones Industrial Average futures edged up slightly by about 0.1%, while S&P 500 futures fell nearly 0.2%, and the tech-heavy Nasdaq 100 futures dropped nearly 0.4% in early trading.
The stock market closing, Tuesday, saw broad declines in the major indices, with the S&P 500 down 1.2%, Nasdaq Composite falling 2%, and the Dow dropping 0.5%. This sell-off was driven largely by concerns over elevated valuations in the artificial intelligence (AI) sector following the sharp 8% drop in Palantir’s stock despite it surpassing third-quarter earnings expectations. Palantir’s shares trade at over 200 times projected earnings, fueling investor skepticism about the sustainability of the tech rally.
Investor sentiment remained…
