U.S. stock futures climb as investors return to AI trade after selloff

U.S. stock futures climbed on Sunday evening as investors returned to the technology sector after a recent sell-off in AI-related stocks, according to Investing.com. The Nasdaq 100 Futures increased by 1% to 29,686.75 points, while the S&P 500 Futures rose 0.5% to 7,739.75 points. The Dow Jones Futures also gained 0.1%, reaching 52,272.0 points.

The rebound followed a challenging week for technology stocks, with concerns about the cost of financing AI infrastructure and the sustainability of technology valuations causing a 4.5% drop in the NASDAQ Composite during the week. Investors are now focusing on upcoming earnings reports from major technology companies, such as Meta Platforms and Tesla. Meanwhile, oil prices and geopolitical developments continue to impact market sentiment.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.