United States equity futures edged higher on Monday night (Tuesday AEST) following another technology-led selloff that weighed on Wall Street during the regular session.
By 9:55 am AEST (11:55 pm GMT), Dow Jones futures were up 0.03%, S&P 500 futures gained 0.1%, while Nasdaq 100 futures rose 0.2%.
In extended trading, Akamai Technologies shares fell 3.3% after the cloud computing and cybersecurity company announced a proposed US$2.6 billion offering of convertible senior notes.
Meanwhile, hospitality software company Agilysys surged 16.3% after delivering stronger-than-expected fourth-quarter earnings.
Agilysys reported adjusted earnings per share of US$0.63, above analyst expectations of US$0.50 and higher than the US$0.54 recorded a year earlier.
Revenue came in at US$82.95 million, exceeding market forecasts of US$81.56 million.
The modest rebound in futures trading followed a mixed session on Wall Street, where both the S&P 500 and Nasdaq Composite recorded their second consecutive daily declines.
The Dow Jones Industrial Average added 0.3% during Monday’s session, while the S&P 500 slipped 0.1% and the Nasdaq Composite lost 0.5% as weakness in major technology stocks and a spike in bond yields continued to pressure broader market sentiment.
Despite the recent pullback, U.S. equities remain near record highs after a strong rally over recent weeks. Both the S&P 500 and Nasdaq Composite reached fresh record levels last week, while the Dow briefly reclaimed the 50,000-point mark.
Investor sentiment was also supported after U.S. President Donald Trump said he had postponed a planned military strike on Iran following requests from several Middle Eastern leaders to allow negotiations to continue.
In a Truth Social post on Monday, Trump said he had decided to “hold off” on the planned attack after appeals from regional allies seeking more time for diplomatic discussions.
Investors are also preparing for another round of corporate earnings on Tuesday, with Home Depot, Eagle Materials and Amer Sports scheduled to report results before the opening bell.
Markets will additionally monitor the release of April pending home sales data for further insight into the strength of the U.S. housing market amid elevated interest rates.
