US equity futures rise 0.3% as markets weigh rates and AI spending risks

  • US equity futures gained as investors assessed interest rates and the outlook for AI infrastructure spending.
  • S&P 500 and Nasdaq 100 contracts rose 0.3%, while Dow futures gained 100 points.
  • Federal Reserve officials are expected to debate policy and forward guidance in a divided FOMC meeting.

US equity futures edged higher Monday, interrupting the previous week’s losses as investors weighed the economy’s ability to withstand higher interest rates and the potential impact of renewed calls to slow AI development on infrastructure spending. S&P 500 and Nasdaq 100 contracts rose 0.3% from six-week lows yesterday, while Dow futures gained 100 points. The Federal Reserve is expected to raise rates by 25 basis points later in the meeting, but its Summary of Economic Projections may reflect divisions within the FOMC (Federal Open Market Committee) as an uncertain outlook fuels disagreements over policy and forward guidance. Chipmakers and hardware companies extended the previous day’s recovery after AI safety concerns raised by Anthropic and OpenAI threatened the momentum behind hyperscaler capital expenditure. Intel, Marvell and Dell each gained more than 3% in premarket trading, while banks, retailers and pharmaceutical companies were little changed.

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