US stock futures fell on Tuesday, with high valuations in the technology sector back in the spotlight. Technology and AI stocks on the Nasdaq Composite and S&P 500 had recovered on Monday after sharp losses last week.
Markets are also watching for expectations that the longest government shutdown in US history will end soon; the shutdown’s impact on the economy and interruptions in data have created uncertainty for investors.
Analysts say that the release of delayed economic data after reopening could lift the fog over the market.
However, high spending in technology and AI companies and general valuation concerns are still unsettling investors. For example, Nvidia shares fell by as much as 1.4%. In light of these developments, investors are closely monitoring both the reopening process and the risk stemming from valuations in the technology sector.
