FX.co ★ US Futures Steady After Strong Rally

On Tuesday, U.S. stock futures remained largely unchanged following a robust opening to the shortened trading week. Dow futures nudged slightly upward by less than 0.01%, while futures for the S&P 500 and Nasdaq 100 saw minor increases of 0.03% and 0.1%, respectively. In Monday's regular trading session, the Dow climbed by 0.47%, the S&P 500 rose by 0.64%, and the Nasdaq Composite increased by 0.52%. Notably, Nvidia shares, a leading player in the AI chip industry, surged by 1.5% amid reports of the company's plans to commence shipments of their H200 AI chips to China by mid-February. Additionally, Oracle's stock went up by 3.2%, and Micron Technology experienced a gain of 4%. Traders remained focused on the upcoming release of the second estimates for Q3 GDP and updates on the PCE price index for the months of July, August, and September. It should be noted that the U.S. stock market will close early on Wednesday for the commencement of the Christmas Eve holiday and will remain closed throughout Thursday in observance of Christmas Day.