U.S. stock index futures remain steady as chip companies navigate trade policy twists before a key tariff deadline with China. Nvidia and AMD see premarket losses. Companies agree to give 15% of advanced chip sales revenue to U.S. government, raising tensions before deal’s expiration.
Markets await clarity on sector tariffs as Dow, S&P 500, and Nasdaq futures edge higher. Traders pause after last week’s rally, fueled by optimism around Federal Reserve shake-up and potential dovish monetary policy stance. Inflation report on Tuesday may influence Fed’s borrowing cost decision.
Apple’s shares dip after strong showing last week. Gene therapy developers decline as critic of COVID-19 mandates expected to return to FDA. Intel sees gains amid CEO’s expected visit to White House. Trump-Putin meeting to discuss Ukraine war could impact crude prices.
Read more at Yahoo Finance: Wall St futures steady, chip stocks slip on China sales deal