Stock market today: Dow, S&P 500, Nasdaq futures slip with AI trade in focus

July 7, 2026 - 05:55

US stock futures ticked up on Monday morning, following a record-setting session on Wall Street that saw major indexes close at all-time highs. Dow Jones Industrial Average futures rose about 50 points, while S&P 500 and Nasdaq 100 futures also pointed to a positive open. The gains come as traders continue to focus on the artificial intelligence trade, which has driven much of the market's momentum this year.

Investors are watching for further developments in AI-related stocks, particularly after Nvidia and other chipmakers posted strong gains last week. The tech-heavy Nasdaq has been a standout performer, fueled by optimism around AI adoption and corporate earnings. However, some analysts warn that valuations are stretched and that a pullback could be imminent if earnings fail to meet lofty expectations.

On the economic front, data on durable goods orders and consumer confidence are due later this week, which could provide clues on the health of the economy. The Federal Reserve's next policy meeting is also in focus, with markets pricing in a potential rate cut later this year. For now, the mood remains cautiously optimistic, with the S&P 500 on track to extend its winning streak.