U.S. Stock Futures Recover after AI-Led Selloff

FomoAnxiety · 2026-02-24T13:41:18+00:00

U.S. stock futures rose after a major AI-related selloff, despite concerns over global tariffs and U.S.-Iran tensions. Key indexes faced losses, while AMD and Home Depot saw gains following positive news. Investors await the Consumer Confidence Index report.

FomoAnxiety

2026-02-24 13:41:18

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U.S. stock futures trended higher on Tuesday morning, following a major AI-related selloff in the three major averages yesterday. President Donald Trump’s threat of 15% global tariffs, along with the U.S.-Iran tensions, also dampened investor sentiment in the previous trading session. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.36%, 0.05%, and 0.17%, respectively, at 8:35 a.m. EST on February 24.

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During Monday’s regular trading, the three U.S. indexes closed lower amid fears of AI-led disruption. Software names such as Microsoft MSFT -3.21% ▼ and CrowdStrike CRWD -9.85% ▼ were among the notable losers, along with several cybersecurity and financial stocks. The DJIA dropped 1.7%, led by IBM’s IBM -13.15% ▼ 13% plunge, and the Nasdaq Composite fell 1.1%, while the S&P 500 declined 1%, turning negative for the year.

On the economic front, investors await the release of the CB Consumer Confidence Index, which measures the degree of optimism that American consumers feel about the overall state of the economy and their personal financial situation.

Turning to trending stocks, Advanced Micro Devices AMD -1.77% ▼ shares rallied 11% after the chipmaker announced a multi-year deal with Meta Platforms META -2.81% ▼ to lend up to 6GWs of its GPUs to AI data centers. Home Depot HD -1.38% ▼ rose more than 2% after the home improvement retailer posted better-than-expected Q4 results.

In contrast, Hims & Hers Health HIMS -0.77% ▼ stock declined 7% after the online health platform issued dismal outlook.

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