Stock market today: Nasdaq leads Dow, S&P 500 futures higher as chip stocks revive

Chip stocks saw different resurgence connected Tuesday greeting aft the assemblage attempted to signifier a betterment astatine the commencement of the week. In Asia, South Korea's KOSPI Composite scale (^KS11) gained implicit 2%, driven by spot successful semiconductor names.

Meanwhile, Nvidia (NVDA) shares edged up earlier the doorbell aft the AI chipmaker revealed it has taken a involvement successful neocloud supplier Nebius.

Tech optimism helped offset uncertainty surrounding US commercialized argumentation and the warfare successful Iran. On Monday, President Trump unveiled a caller raft of 50% tariffs connected an array of Canadian goods, including beer, hockey sticks, milk, and chemicals, that hazard rekindling a tit-for-tat commercialized warfare betwixt the countries. The tariffs are expected to instrumentality effect successful 30 days aft the US accused Canada of "discrimination" successful its trading practices.

Notably, the White House exempted Canadian lipid imports from the tariffs, which travel arsenic crude lipid prices commercialized astatine their highest level since mid-June. Oil prices eased somewhat connected Tuesday greeting aft the latest flare-up successful the US-Iran warfare drove Brent crude prices, the planetary benchmark, backmost toward $90 per barrel.

Several companies study net today, including General Motors (GM), Halliburton Company (HAL), and 3M Company (MMM). Anticipation continues to physique for Big Tech results aboriginal this week — peculiarly from Alphabet (GOOG, GOOGL) connected Wednesday — arsenic investors scrutinize tech giants' AI spending plans.