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Tech Recovery Lifts Wall Street Pre-Bell; Asia Mixed, Europe Up
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Tech Recovery Lifts Wall Street Pre-Bell; Asia Mixed, Europe Up
Jan 28, 2025 3:30 AM

06:13 AM EST, 01/28/2025 (MT Newswires) -- Wall Street futures pointed higher pre-bell Tuesday, as tech issues recovered partially from Monday sell-offs that followed reports that China-based DeepSeek's AI model rivaled Western versions, but at lower development cost and use of computing power.

In pre-market hours, tech titans Nvidia (NVDA) gained 5.4%, Broadcom (AVGO) rose 4.1%, and Oracle (ORCL) inclined 3%, among others.

In the futures, the S&P 500 rose 0.4%, the Nasdaq inclined 0.7% and the Dow Jones was up 0.1%.

The Federal Reserve begins a two-day policy session and is slated to announce an interest-rate decision Wednesday at 2 pm ET. Pundits expect no change in rates.

Asian exchanges, in holiday-thinned trading, traded unevenly overnight, while European bourses tracked moderately higher midday on the continent.

RTX (RTX), Boeing (BA), Lockheed Martin (LMT) and General Motors (GM) plan to report earnings pre-bell, among others.

On the economic calendar, in addition to the start of the Fed meeting, is the

December durable goods orders bulletin at 8:30 am ET, followed by the Case-Shiller Home Price Index and the FHFA House Price Index, both for November, at 9 am.

The Conference Board's consumer confidence index for January and the

Richmond Fed Manufacturing Index for January, post at 10 am.

In premarket action, Bitcoin traded at $102,901, West Texas Intermediate crude oil traded higher at $73.41, and 10-year US Treasuries offered 4.56%. Spot gold traded for $2,744 an ounce.

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