Copyright indiatimes
Dow, Nasdaq, S&P futures slip mildly US stock futures edged slightly lower on Wednesday evening, following a partial recovery in AI-related stocks and a pivotal Supreme Court hearing casting doubt on President Donald Trump’s sweeping tariff policies. S&P 500 futures declined by 0.2%, Nasdaq 100 futures fell about 0.3%, and Dow Jones Industrial Average futures slipped 62 points, or 0.1%, reflecting investor caution despite some positive developments.This followed a positive market session as US stock indexes experienced a notable rebound, with the Dow Jones Industrial Average rising 225.76 points, or 0.48%. The S&P 500 gained 24.74 points, or 0.37%, while the Nasdaq Composite climbed 151.16 points, or 0.65%. The Supreme Court hearing marked a significant moment for the fate of Trump’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA). Several justices, both conservative and liberal, expressed skepticism about whether the President had the legal authority to impose broad tariffs without Congressional approval, a challenge that could overturn tariffs affecting more than 100 countries. If the Court rules against Trump’s administration, it would represent a rare rebuke from the conservative majority and likely trigger tariff rollbacks, with broad implications for US trade and the economy.Live EventsSemiconductor giant Advanced Micro Devices (AMD) reported better-than-expected third-quarter results and closed more than 2% higher. After an initial post-earnings selloff, AMD closed about 2.5% higher on Nov. 5 during a market rebound. Other notable gains included Broadcom (+2%) and Micron Technology (+9%). Oracle also recouped some losses, contributing to a broader market bounce. The AI super-cycle is still in its early stages, with significant capital expenditures expected not only from tech giants but also from large financial firms, signaling ongoing growth potential for AI investments.Meanwhile, investors continue to watch closely the upcoming earnings season and major corporate events. Travel stocks such as Expedia and Airbnb, and AI data center player Vistra, are slated to report financial results the following day, adding layers of market focus amid an already eventful trading environment.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onUS stock futurestariff policiesSupreme CourtDow Jones Industrial AverageNasdaq 100Nasdaq CompositeUS tradeAdvanced Micro DevicesMicron TechnologyAirbnb (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless (You can now subscribe to our Economic Times WhatsApp channel)Read More News onUS stock futurestariff policiesSupreme CourtDow Jones Industrial AverageNasdaq 100Nasdaq CompositeUS tradeAdvanced Micro DevicesMicron TechnologyAirbnb(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates....moreless Explore More Stories123
