Dow, S&P 500, Nasdaq futures trade flat as investor sentiment steadies on easing trade tensions

US stock futures held steady as investor sentiment continued to moderate following signs of easing trade tensions and an invigorated tech sector.

Futures attached to the Dow Jones Industrial Average and the tech-heavy Nasdaq 100 slipped 0.1%. Futures attached to the benchmark S&P 500 dipped 0.2%.

On Wednesday, stocks mostly rose, boosted by an Nvidia-led tech rally. The chipmaker's stock has been on a tear this week and turned green for the year as President Trump's visit to the Middle East opened up deals with Saudi Arabia and potentially the United Arab Emirates. Big Tech, overall, has enjoyed a boost since the US and China rolled back tariffs on Monday.

In earnings, results from Cisco  and CoreWeave  hinged on expectations that AI spending will keep booming. Cisco raised its annual forecast based on AI driving up demand, and its shares rose in after-hours trading. Coreweave also issued a bullish outlook citing the AI frenzy, which initially sent its stock higher, but the company later blew past Wall Street expectations for capital expenditures, and its stock sank.

On Thursday, investors will get a another pulse check on inflation with the release of April's Producer Price Index (PPI). The latest Consumer Price Index (CPI) report showed inflation pressures eased over the month despite Trump's tariffs taking effect.