United States stock futures were little changed on Wednesday evening (Thursday AEDT) as investors grew more confident about the outlook for artificial intelligence stocks and awaited developments from the Supreme Court’s review of President Donald Trump’s tariffs.
By 10:30 am AEDT (11:30 pm GMT), Dow futures, S&P 500 futures, and Nasdaq 100 futures were each trading within ±0.1%.
Investors increasingly expect the Supreme Court to rule against the Trump administration’s broad use of trade powers after justices in Wednesday’s hearing expressed scepticism over the legality of the tariffs.
A potential ruling to curb or reverse the duties could provide an additional boost to equity markets.
Meanwhile, AI-related stocks continued to recover after earlier valuation-driven sell-offs.
Advanced Micro Devices (AMD) rose 2.5% on Wednesday following stronger-than-expected third-quarter earnings, helping to lift other semiconductor names.
The rebound in AI names helped the major indexes rebound midweek after a sluggish start that left all three benchmarks lower on the week so far.
Earnings season remains in focus, with investors set to parse reports from travel firms Expedia and Airbnb, alongside AI data centre operator Vistra, which all report results during Thursday's U.S. session.
