Wall Street Futures Hold Steady As Chip Stock Rally Cools And Oil Prices Fall

US stock market futures showed little movement on Tuesday, September 22, as the recent surge in semiconductor companies slowed down and traders turned their attention toward diplomatic talks concerning the US-Iran situation. S&P 500 futures held steady following a prior session where technology stocks pushed the index close to its all-time high after a 1.5% jump. Dow Jones Industrial Average futures rose 112 points, which is a 0.2% increase, while Nasdaq-100 futures gained 0.1% following a record-breaking 2.3% surge driven by Meta. Meta shares jumped 11.3% after reports that its Muse AI agent recorded more downloads in its first 13 days than ChatGPT. Artificial intelligence companies have powered major market gains throughout 2026, lifting Advanced Micro Devices past a $1 trillion market value with shares climbing over 180% this year. Monday sessions also saw Intel and Arm Holdings surge more than 12%, though some leading chipmakers slipped in premarket action as Nvidia dipped 0.2% and foreign tech names like TSMC and SK Hynix fell over 1%. Beyond tech, markets drew support from falling crude prices and lower bond yields. The 10-year US Treasury yield dropped to 4.95% from 5.01% late Friday, easing away from the 5% mark crossed last week for the first time since 2023. Oil prices continued a five-day decline following reports that Tehran offered to reopen the Strait of Hormuz within a week if the US lifts port blockades and reduces military pressure. Brent crude fell to $97.8 per barrel, reaching a two-week low. Meanwhile, global traders are also watching trade discussions in New York ahead of a planned summit between US President Donald Trump and Chinese President Xi Jinping.