Stock market today: Live updates

Stock futures were relatively unchanged overnight, after the S&P 500 posted back-to-back losses amid mounting pressure across the tech sector.

S&P 500 futures were virtually flat, while futures tied to the Dow Jones Industrial Average were up just 6 points, or 0.01%. Nasdaq 100 futures were marginally up.

In regular trading, the S&P 500 fell 0.35% on Monday, while the tech-heavy Nasdaq Composite shed 0.5%. The 30-stock Dow dropped 249 points, or 0.51%, during the same period.

Investors sold off some of this year’s big tech winners, with artificial technology plays Nvidia dropping more than 1% and Palantir Technologies sliding 2.4%. Oracle lost 1.3% on the day. Tesla tumbled more than 3%.

“What you’re seeing is that people are concerned about overbuilding this [AI] bubble,” BD8 Capital Partners CEO Barbara Doran said Monday on CNBC’s “Closing Bell: Overtime.”

Losses in the materials sector also pressured the market on Monday. Precious metals miner Newmont closed down 5.6% after silver futures posted their worst day since 2021.

On Tuesday, traders will be watching for home price data due at 9 a.m. ET. The Federal Reserve’s December meeting minutes are also expected, slated for a 2 p.m. release.

Looking ahead, the public markets will be closed Thursday for New Year’s Day.