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

US stock futures rose about 0.1% on Tuesday after the Dow hit a record high, driven by renewed faith in AI trade following June's chip stock sell-off. Investors await earnings from Samsung Electronics and Penguin Solutions for further pulse checks on the chip sector.

US stock futures edged up on the heels of a record-setting day on Wall Street. Futures attached to the Dow Jones Industrial Average YM=F https://finance.yahoo.com/quote/YM%3DF/ , the benchmark S&P 500 ES=F https://finance.yahoo.com/quote/ES%3DF/ , and the tech-heavy Nasdaq 100 NQ=F https://finance.yahoo.com/quote/NQ%3DF/ rose roughly 0.1%. Stocks jumped https://finance.yahoo.com/markets/stocks/live/stock-market-today-monday-july-6-nasdaq-sp-rise-225645420.html during the day on Monday, with a rally in tech lifting the Dow ^DJI https://finance.yahoo.com/quote/^DJI/ to a new record high. The broad market advance pointed to renewed faith in the AI trade following June's chip stock sell-off. On Tuesday, investors will be watching earnings from Samsung Electronics 005930.KS https://finance.yahoo.com/quote/005930.KS/ for another pulse check on the chip trade. Penguin Solutions PENG https://finance.yahoo.com/quote/PENG/ will also report its results.