Tech Giants' Reaction to AI News Sparks Positive Futures

Dow Jones futures edged lower while S&P 500 futures and Nasdaq futures rose slightly. AMD and Google rebounded in response to their AI news. The stock market rally opened with gains but reversed lower by the close. Treasury yields and crude oil continued to tumble amid concerns of a slowing economy. Earnings reports from Braze and C3.ai were also in focus. AMD unveiled its latest AI chip line, taking on Nvidia more directly in artificial intelligence, while Google unveiled its Gemini large language model and its latest in-house AI chip.