Stock Futures Steady as S&P 500 Ends 7-Day Winning Streak: Get the Latest Live Updates

U.S. stock futures were steady on Tuesday night after the S&P 500 ended a seven-day winning streak, mainly due to a dip in Oracle’s stock. Concerns about the sustainability of the artificial intelligence market were raised as the government shutdown continued for its second week.

Dow Jones futures gained 27 points, while S&P 500 and Nasdaq 100 futures saw slight increases of 0.08% and 0.11%, respectively. This followed a down day for major indexes, with the Dow dropping by almost 92 points, or 0.2%. The S&P 500 fell by 0.4%, and the Nasdaq slipped by 0.7%.

Oracle’s stock dropped 2.5% after a report indicated that its cloud business margins were weaker than expected. The company is reportedly losing money on some deals involving Nvidia chips. This has sparked fears of an “AI bubble,” reminiscent of the late 1990s dot-com era, where hype led to a market crash.

Market experts are sensing caution among investors. Liz Thomas from SoFi pointed out, “Everything feels extended. It feels exciting… but the euphoria could get even more euphoric before something has to actually turn.”

The ongoing government shutdown is adding pressure to the market. While its impact has been minimal so far, prolonged uncertainty could sour investor sentiment.

All eyes are on the upcoming Federal Reserve minutes, expected on Wednesday, which might shed light on the central bank’s direction after a contentious meeting last month. This could influence market reactions and investor strategies heading forward.

For more insights into market trends, consider checking out the latest reports from trusted financial sources like CNBC.

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