U.S. markets stabilized Tuesday following a wipeout a day earlier, the Associated Press reports. Futures for the S&P 500 and the tech-heavy Nasdaq ticked up 0.2% before the bell, while Dow Jones Industrial Average futures were down 0.1%.
Many of Monday’s big losers clawed back some of their losses, including chipmaker Nvidia, which rose 3.4% in premarket after tumbling nearly 17% a day earlier. Another chip giant, Broadcom, was up 3.3% in early trading following a 17.4% decline on Monday. Software maker Oracle, which fell 13.8% one day ago, rose 2.5% before markets opened Tuesday.
Shares of General Motors were essentially unchanged at $54.70 after the automaker swung to a loss in the fourth quarter on huge charges related to China. GM still topped profit and revenue expectations on Wall Street.
Royal Caribbean jumped 4.3% after the cruise ship operator beat Wall Street’s fourth-quarter profit targets and raised its full-year 2025 profit guidance.
Boeing shares were also unchanged after the company reiterated the preliminary fourth-quarter results it released last week. The troubled aerospace giant lost $3.8 billion in the fourth quarter, bringing its losses to more than $35 billion since 2019 following the crashes of two then-new 737 Max jets that killed 346 people.
In energy trading, benchmark U.S. crude added 50 cents to $73.67 per barrel. Brent crude, the international standard, rose 48 cents to $76.66 per barrel.
In currency trading, the U.S. dollar was unchanged at 155.41 Japanese yen.
