Stock Futures Inch Higher; Nvidia Continues Rising After CEO’s Keynote Speech

Stock futures were little changed Tuesday morning as the S&P 500 and Nasdaq Composite look to extend their winning streaks to three straight sessions. 

Futures tied to the Dow Jones Industrial Average were up 0.2% in recent trading, while those linked to S&P 500 added 0.1% and Nasdaq futures were up less than 0.1%. The S&P 500 and Nasdaq posted solid gains to start the week, powered by a rally in chip stocks.

AI chipmaker Nvidia (NVDA), which hit a record closing high on Monday, was up 2% in premarket this morning after CEO Jensen Huang provided several technology updates during his keynote address at the CES 2025 conference in Las Vegas last night.

Shares of memory chip maker Micron (MU), which led the rally yesterday with a 10% gain, were up another 4% today after Huang cited the company in his presentation when discussing Nvidia’s new gaming chips.

Other large-cap tech stocks were mixed ahead of the bell. Microsoft (MSFT), Alphabet (GOOGL) and Amazon (AMZN) were gaining ground, while Apple (AAPL), Meta Platforms (META) and Tesla (TSLA) retreated.

In other markets, bitcoin was trading at $100,700, down from an overnight high of $102,700. The digital currency moved above the $100,000 level yesterday for the first time in nearly three weeks.

The yield on 10-year Treasurys, which is sensitive to expectations about where interest rates are headed, was at 4.64%, up from 4.62% at Monday’s close and trading at its highest levels since May. Investors are awaiting the release on Friday of the December jobs report for information that could affect the Federal Reserve’s decision on interest rates later this month.

Gold futures were up 1% at around $2,675 an ounce, while WTI crude oil futures rose 0.5%.