02.01.202612:52:58UTC+00US Stocks Set for Rebounds

U.S. equity futures climbed significantly, approaching record levels as the market prepared for the year's opening session. This uptick effectively counteracted Wednesday's losses, as promising developments in the AI sector mitigated apprehensions regarding high valuations of technology leaders. Notably, Nasdaq 100 futures surged by over 1%, while S&P 500 and Dow futures each rose more than 0.5%. Stocks linked to AI and data center infrastructure experienced gains, highlighted by Shanghai Biren's successful initial public offering in Hong Kong and Baidu's announcement of filing an IPO for its chip unit. Furthermore, U.S. President Trump deferred tariffs on certain furniture items, which propelled RH and Wayfair shares by over 2%, suggesting a more cautious approach to trade policies from the White House this year. Meanwhile, the broader stock market enjoyed support from positive expectations of sustained economic growth and the Federal Reserve's stance on maintaining lower interest rates throughout the year.