Stock Market Live Updates: Nasdaq Gains as Nvidia Rebounds: Market Update and Key Economic Data Insights

US stock futures remained stable on Tuesday, with Nvidia (NVDA) leading a cautious recovery after a three-day decline. Investors are adjusting their portfolios as the quarter nears its end.

Market Movements:

• Nasdaq 100 futures (NQ=F) increased by approximately 0.5%.

• S&P 500 futures (ES=F) rose by 0.2%.

• Dow Jones Industrial Average futures (YM=F) decreased by 0.1% after gaining over 200 points at the start of the week.

Stocks are showing signs of improvement following recent downturns in the Nasdaq and S&P 500, which were affected by Nvidia's slump. Investors seem to be taking profits from AI-related stocks as the strong quarter concludes, raising questions about potential further losses.

Nvidia shares rose over 2% in premarket trading, rebounding from a more than 6% drop on Monday.

Shift in Market Focus: The Dow is finding stability as the focus shifts from tech to value stocks, suggesting that gains may extend to other sectors.

Upcoming Economic Data: Investors await Friday's update on the Personal Consumption Expenditures (PCE) index, a key inflation measure for the Federal Reserve. Governor Michelle Bowman indicated she is prepared to raise interest rates if necessary to control inflation.

Other important data include:

• Case-Shiller's report on April home prices.

• A consumer confidence reading, which investors will watch closely for signs of weakening resilience.

Also Read: Stock Market Live Updates: Stocks Edge Up As Wall Street Aims to Close Q2 On a High Note