US Stock Futures Steady Ahead of Trump’s UN Address as Alibaba Unveils New AI Chip: Dow Jones, S&P, Nasdaq, Wall Street

US stock futures were little changed on Tuesday following a rally in technology shares during the previous session. Investors were monitoring President Donald Trump's upcoming address to the United Nations, comments from a Federal Reserve official on interest rates and the launch of a new artificial intelligence chip by Alibaba.

At 03:09 ET (07:09 GMT), Dow Jones futures were down 25 points, or 0.1%, while futures linked to the S&P 500 and Nasdaq 100 were broadly unchanged.

The S&P 500 had recorded its strongest session since August on Monday, supported by gains in AI-related companies. Oil prices and US Treasury yields also remained in focus as markets assessed developments in the Middle East.

Wall Street Futures Pause After AI-Led Rally

US equity futures traded close to unchanged levels following Monday's advance, when the S&P 500 posted its largest daily gain since August.

Technology stocks contributed to the rally after Meta Platforms (NASDAQ:META) introduced a new AI model that prompted renewed interest in the potential for autonomous AI agents to reach mainstream consumers.

Meta shares rose alongside semiconductor companies Advanced Micro Devices (NASDAQ:AMD) and Intel (NASDAQ:INTC), whose processors are used in computing systems that support AI applications.

Investors also monitored developments surrounding the United Nations General Assembly, where potential diplomatic discussions involving the United States and Iran have raised expectations of reduced tensions in the Middle East.

The benchmark 10-year US Treasury yield edged lower. Bond yields move inversely to prices.

Trump Prepares to Address United Nations

President Donald Trump is scheduled to address the United Nations General Assembly in New York as world leaders gather to discuss international security, the conflicts in the Middle East and Ukraine, and artificial intelligence safety.

US Ambassador to the United Nations Mike Waltz said Trump would:

"highlight how he has and his administration have confronted complex problems head-on around the world"

Waltz also said the president would address efforts to prevent Iran from obtaining a nuclear weapon.

The address comes amid continuing hostilities between the United States and Iran, which began in late February, according to the supplied report.

Fighting has also intensified in Yemen between Iran-backed Houthi militants and Saudi-aligned forces, creating additional concerns about oil shipments through the Bab el-Mandeb Strait.

Saudi Arabia has relied on the waterway to access international markets following severe disruption to shipping through the Strait of Hormuz.