US stock futures rose slightly on Tuesday (1/7), continuing momentum from strong performances by the S&P 500 and Nasdaq Composite on Monday, which posted a second straight day of gains.
driven by a surge in technology stocks. In Monday's regular session, the S&P 500 rose 0.55%, and the Nasdaq gained 1.24%, while the Dow fell 0.06%. The rally was largely driven by a surge in semiconductor stocks after Foxconn reported record revenue and a positive outlook.
Nvidia shares jumped 3.4%, hitting a record close, while Micron Technology jumped 10.5%. In other news, Disney revealed plans to merge its Hulu + Live TV business with FuboTV, sending Fubo shares soaring more than 251%. Also boosting market optimism was a Washington Post report, suggesting that President-elect Trump's proposed tariff plan may be narrower than expected, potentially easing global trade tensions.(AL)
Source: Trading Economics
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