U.S. stocks were looking to start the holiday-shortened week at fresh 10-month highs as optimism over AI-derived earnings continued to underpin sentiment.
U.S. stock futures rose on Tuesday amid relief a debt-ceiling deal was secured that now needs Congressional approval.
How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA rose 329 points, or 1%, to 33093, the S&P 500 SPX increased 54 points, or 1.3%, to 4205, and the Nasdaq Composite COMP gained 278 points, or 2.19%, to 12976. Some analysts were more cautious, noting Congress must still pass the deal and this uncertainty may keep a lid on ebullience.
Support could come from big tech stocks as investors look for more AI exposure and valuations are helped by retreating bond yields as debt ceiling angst eases, according to analysts.
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