U.S. stock futures pointed to small losses Tuesday after the major indexes reached all-time highs the previous session, driven by enthusiasm over artificial intelligence.
The Dow Jones Industrial Average’s futures contracts dropped 213 points, a decline of 0.4%, CNBC reported
Nasdaq 100 futures edged down 0.1%, and S&P 500 futures lost 0.2%. The retreat came after a strong Monday. Nvidia stock led tech gains that pushed the major averages to record highs, with the S&P 500 notching its ninth consecutive week of gains, according to CNBC.
Several major AI-related developments are competing for investor attention Tuesday. Anthropic filed for an IPO, while Google parent Alphabet said it would raise $80 billion from stock sales to fund its AI buildout, including a $10 billion investment from Berkshire Hathaway. Alphabet stock fell 2.3% in premarket trading.