Live Updates: S&P 500 Futures Steady as Index Faces Third Straight Loss – What Investors Should Know

Traders were busy on the New York Stock Exchange floor as the market opened on February 19, 2025. The mood was somber after the S&P 500 struggled to bounce back from a recent sell-off, ending its third day in the red.

On Monday evening, S&P 500 futures hovered close to even. Nasdaq-100 futures edged up by about 0.1%, while Dow Jones futures gained 57 points, also a 0.1% increase.

During the day, major tech stocks weighed heavily on the S&P 500 and Nasdaq Composite. For instance, Palantir, known for its defense and AI solutions, dropped over 10%. Microsoft fell 1% following a report indicating it would reduce spending on data centers. Nvidia also took a hit, losing 3% just days before its quarterly results were due.

The downward trend in these tech stocks brought the Nasdaq Composite into negative territory for the year. According to Doug Clinton from Deepwater Asset Management, many investors are doubting the AI boom. He believes that this situation is temporary and the AI market still has a few strong years ahead.

Looking ahead, Wall Street is eager for upcoming earnings reports. Nvidia’s results are set for Wednesday, and Home Depot will release its numbers before the market opens on Tuesday.

Investors are also waiting for the U.S. consumer confidence data, which will be released at 10:00 a.m. ET on Tuesday. The Conference Board’s index is expected to show a slight dip, with a predicted reading of 102.3 compared to the previous month’s 104.1. This report comes right before more significant economic data, including Friday’s personal consumption expenditures price index, a key measure for inflation that the Federal Reserve closely monitors.