Nasdaq futures rise over 1% as yields fall; Nvidia, Broadcom, other AI shares rebound
Investors are also looking ahead to a busy week of earnings from major technology companies this week.
US stock index futures rose on Monday evening as artificial intelligence-linked shares rebounded after last week's sharp selloff, while easing crude oil prices and Treasury yields supported investor sentiment. At around 5 pm IST, Nasdaq futures rose 1.08 percent to 29,708.2, while S&P 500 futures gained 0.5 percent. Dow futures, however, remained in negative territory. In the previous session, the S&P 500 and the Nasdaq Composite posted their biggest weekly declines since late June, weighed down by technology stocks amid concerns that higher interest rates could hamper investment in AI infrastructure, particularly among data centre operators.
