US stock futures experienced a slight increase after the S&P 500 achieved a new all-time high during a remarkable surge just ten minutes before the market closed.
The futures for the S&P 500 (ES=F) and Dow Jones (YM=F) rose by 0.01%, while Nasdaq (NQ=F) futures increased by 0.2%.
As of 10:00:47 PM EST. Market Open.
YM=F ES=F NQ=F
Following a largely uneventful return from the extended weekend, the S&P 500 surged on Tuesday afternoon to finish at a record high of 6,129.58. This marked the first new high for the index since January 23, amidst the implementation of new tariffs by President Donald Trump, DeepSeek’s technological upheaval, and the Federal Reserve’s cautious approach to interest rates.
On Tuesday, Trump announced that new tariffs on automobiles would likely take effect as of April 2. A proposed flat tariff “around 25%” would be imposed on all foreign automakers operating in U.S. markets. He also suggested that similar tariffs could be enacted on imports of semiconductors and pharmaceuticals.
Intel (INTC) stock enjoyed its largest five-day rise in the company’s history on Tuesday after reports surfaced that two competitors were contemplating deals that might lead to the fragmentation of the chipmaker. Conversely, Meta’s (META) stock declined, interrupting its 20-session winning streak on Wall Street.
Artificial intelligence continues to drive stock prices upward in after-hours trading. Super Micro Computer, Inc (SMCI) saw a rise of over 3% upon the opening of futures, while Palantir (PLTR) approached its all-time high in after-market trading.
On Wednesday, investors are looking forward to the release of the minutes from the Federal Reserve’s January meeting. Fed officials reiterated their commitment to maintaining current interest rates in light of persistent inflation during the weekend.
The earnings season is in full swing, with Etsy (ETSY) and Carvana (CVNA) scheduled to announce their reports on Wednesday.
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