Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, July 6, 2026.
Michael Nagle | Bloomberg | Getty Images
Dow Jones Industrial Average futures edged higher early Tuesday after a record-setting session for the blue-chip index.
Futures tied to the 30-stock index added 53 points, or around 0.1%. S&P 500 futures traded 0.2% lower, while Nasdaq-100 futures dropped 0.9%.
Global markets saw a sell-off of chip stocks on Tuesday, with the semiconductor pullback seen in the Asian session rippling into European and U.S. markets.
Shares of Micron were last seen 5% lower in pre-market trading, with KLA, Marvell Technology, Nvidia, Broadcom and AMD also posting declines ahead of the regular session.
Meanwhile, SpaceX shed about 2% ahead of its Tuesday entrance into the Nasdaq-100.
South Korea’s Kospi led declines in Asia-Pacific markets, closing 4.91% lower. Tech heavyweight Samsung Electronics fell almost 7% on Tuesday as concerns about spending and demand overshadowed a massive increase in the company’s second-quarter operating profit.
Japan’s Nikkei 225 fell 2.12%, while the Topix declined 0.97%. Hong Kong’s Hang Seng Index declined 0.51% and mainland China’s CSI 300 fell 1.03%.
Tuesday morning’s action follows a winning session on Wall Street that propelled the Dow above the 53,000 mark for the first time. The 30-stock index also closed above that threshold. Technology stocks led the charge higher, with the Nasdaq Composite finishing up by more than 1% amid a rebound in semiconductor names. The S&P 500 also closed higher, advancing 0.7%.
Dell jumped more than 4% in Monday’s session after President Donald Trump encouraged consumers to buy its computers during an event in the White House. But Microsoft shares pulled back after the software giant announced 4,800 job cuts.
“We’re getting new highs on various indices, and that makes sense,” Richard Bernstein, Janus Henderson’s global head of macro and customized investing, told CNBC’s “Closing Bell: Overtime.” “Not only is earnings growth strong, but it’s abundant as well. That is spreading to the markets.”
Investors will watch for economic data on the U.S. trade deficit due Tuesday morning. There are no major earnings releases scheduled.