On Tuesday, U.S. stock futures rose slightly as investors attempted to rebound from a notable decline in technology stocks, particularly in the semiconductor sector. The S&P 500 futures increased by 0.2%, while Nasdaq 100 futures climbed 0.4%.
This recovery comes after a rough trading session where the S&P 500 and Nasdaq Composite fell by 1.44% and 2.21%, respectively, largely due to a sell-off in semiconductor stocks. Notably, Micron Technology's shares rose over 2% in after-hours trading after a 13% drop during the regular session.
Analysts are closely watching Micron's earnings report, expected to show earnings of $20.83 per share on revenue of $35.75 billion. Despite a strong performance in 2026, some analysts, like Jay Woods from Freedom Capital Markets, suggest that Micron's stock may face a pullback to around $1,000, marking a nearly 5% decline from its last close of $1,051.77.
Additionally, Dan Skelly from Morgan Stanley Wealth Management highlighted potential fundamental risks in the tech sector, including pricing wars and shifts in strategic direction from major players like Microsoft. Investors are also looking forward to earnings from Paychex and key housing market data, which could further impact market dynamics