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Royal Caribbean rises on higher-than-expected profit

forecast

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Lockheed Martin ( LMT ) drops after lower 2025 profit view

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Synchrony Financial ( SYF ) down after dour 2025 net revenue

guidance

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Futures: Dow down 0.08%, S&P 500 up 0.2%, Nasdaq up 0.27%

(Updates prices before markets open)

By Shashwat Chauhan and Sukriti Gupta

Jan 28 (Reuters) - The S&P 500 and the Nasdaq were set

for a slightly higher open on Tuesday, as AI-linked shares

recouped some of the previous session's sharp losses and a mixed

bag of corporate earnings fueled volatility.

Monday's selloff followed Chinese startup DeepSeek's launch

of artificial intelligence models it said were on a par or

better than industry-leading rivals in the United States at a

fraction of the cost.

AI chip leader Nvidia ( NVDA ) rose 3.4% in premarket

trading, a day after $593 billion was wiped off its market value

in the biggest single-session loss for any company.

Other AI-linked stocks also regained some ground, with

Oracle and Broadcom ( AVGO ) rising 2.5% and 3.2%,

respectively.

Power companies, which are expected to see a surge in demand

from energy-intensive data centers needed to develop AI

technology, were broadly higher after tumbling a day earlier.

Vistra ( VST ) and GE Vernova ( GEV ) added 4.9% and 6.4%.

"We've been skeptical of the valuations and the recent moves

in some of these names that are levered to the (AI) story," said

Keith Buchanan, senior portfolio manager at GLOBALT Investments.

"The valuation gap between those names and the market had

made those names vulnerable to a pullback."

The tech-heavy Nasdaq dropped more than 3% on

Monday, its worst single-day showing in more than a month, while

the benchmark S&P 500 fell close to 1.5%.

At 08:33 a.m. ET, Dow E-minis were down 36 points,

or 0.08%, S&P 500 E-minis were up 12.25 points, or 0.2%,

and Nasdaq 100 E-minis were up 58 points, or 0.27%

Boeing ( BA ) shares, last down 0.3%, were volatile after

the planemaker reported its biggest annual loss since 2020.

Royal Caribbean gained 4.6% as the cruise operator

forecast annual profit largely above expectations, while

Lockheed Martin ( LMT ) dropped 3.3% after the defense giant

forecast 2025 profit below estimates.

Credit card-focused consumer banking firm Synchrony

Financial ( SYF ) dipped 4.7% after forecasting lower net

revenue for 2025, while aerospace and defense major RTX

gained 4.8% after posting a rise in quarterly profit.

Earnings from "Magnificent 7" members Microsoft ( MSFT ),

Facebook-parent Meta, Apple ( AAPL ) and Tesla

are due later this week.

Also in focus, the Federal Reserve is widely expected to

hold its lending rate steady in its first interest-rate decision

of the year on Wednesday, while the December reading of personal

consumption expenditures (PCE) is scheduled for Friday.

A January consumer confidence reading is due at 10 a.m. ET

later in the day.

U.S. President Donald Trump said late on Monday he plans to

impose tariffs on imported computer chips, pharmaceuticals and

steel.

A media report said newly elected Treasury secretary Scott

Bessent has been pushing for new universal tariffs on U.S.

imports to start at 2.5% and rise gradually by the same amount

each month.

Markets have been on edge about Trump's proposed tariffs due

to concerns they could worsen inflationary pressures and slow

Fed rate cuts.