United States stock futures were steady on Sunday night (Monday AEDT), signalling a cautious start to the week after a volatile stretch in which lofty valuations, sector rotation and shifting expectations for Federal Reserve rate cuts weighed on artificial intelligence-linked names.
By 10:45 am AEDT (11:45 pm GMT), Dow Jones Industrial Average futures were flat, while S&P 500 futures rose 0.2% and Nasdaq-100 futures gained 0.3%.
The Nasdaq Composite slipped 0.5% last week, dragged lower by declines in major AI beneficiaries including Alphabet, Amazon, Broadcom and Meta Platforms.
The Dow and S&P 500 managed to post marginal weekly gains, although both suffered sharp drops on Thursday amid renewed pressure on high-growth technology stocks.
Investors will look for fresh signals on the durability of the AI trade when Nvidia reports quarterly results on Wednesday. The update follows a choppy period for the sector, as markets reassess whether earnings momentum can justify elevated valuations.
The week will also offer a clearer view of consumer health, with retail heavyweights Walmart and Home Depot due to report. Their results will help shape expectations for household spending heading into the final stretch of the year.
