US markets are set for a mixed open on Tuesday, with technology stocks expected to come under pressure after Samsung delivered record quarterly profits that still failed to satisfy investors, raising fresh questions about AI valuations.
Nasdaq futures were down 1.1% ahead of the opening bell, while S&P 500 futures slipped 0.2%
Dow futures bucked the trend, rising 0.3% or around 150 points. This followed a strong session for Wall Street, with the Dow Jones climbing 0.3% to a record close of 53,055. The S&P gained 0.7% to 7,537, while the Nasdaq jumped 1.1% to finish at 26,121.
The mood shifted overnight after Samsung forecast operating profits comfortably ahead of consensus expectations, but the shares fell almost 7%. The sell-off dragged South Korea’s Kospi down almost 5%, knocked other Asian markets and is expected to weigh on US semiconductor names. Another focus for investors will be SpaceX, which joined the Nasdaq-100 overnight after becoming eligible under revised index rules.