US stock index futures remained flat, as investors digested the continued sell-off of technology stocks over the holiday weekend.
After the technology stocks suffered another brutal week, US stock index futures were basically flat in the Asian session on Tuesday morning. Dow Jones index futures rose by about 80 points, an increase of 0.2%. S&P 500 index futures rose by 0.1%, while Nasdaq 100 index futures fell by 0.2%. Gold and silver futures fell on Monday, while Bitcoin remained below $70,000. Crude oil futures rose by more than 1% as investors remained anxious about the possibility of US military action against Iran.
Most markets closed higher last Friday, but concerns about the potential disruption caused by AI in the future continued to weigh heavily on technology stocks, causing the three major US indexes to close lower for the week. The Dow Jones index fell by 1.2%, marking its worst weekly performance since November of last year. The S&P 500 index declined by 1.4% and the Nasdaq Composite Index plummeted by 2.1%, marking its fifth consecutive week of decline, the longest since 2002. The US market was closed on Monday for Presidents' Day.
In the coming week, the Federal Reserve will release the minutes of its last meeting on Wednesday, and another key inflation data - the core personal consumption expenditure index - will be released on Friday.
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