S&P 500 futures were relatively unchanged on Tuesday after a rough start to the final week of February’s trading. Futures tied to the broad market index rose 0.1%, while Nasdaq 100 futures gained 0.4%. Dow Jones Industrial Average futures added 86 points, or 0.2%. Shares of AMD jumped 11% in early trading after Meta announced a multiyear deal with the semiconductor company. The new partnership entails deploying up to 6 gigawatts of AMD’s graphics processing units for artificial intelligence data centers. Meta will also invest in AMD through a performance-based warrant for up to 160 million shares of AMD. The move comes a week after Meta said it’s using millions of Nvidia’s chips in its data center buildout. Shares of the AI chip darling were nearly 1% lower in the premarket. Major averages fell Monday on renewed fears of AI disruptions to various industries. President Donald Trump’s threat to hike global tariffs to 15% and tensions between the U.S. and Iran also kept traders on edge. A global 10% U.S. tariff took effect Tuesday. However, Bloomberg News reported, citing an administration official, that the White House was moving forward with a formal increase to 15%. The 30-stock Dow on Monday closed lower by more than 800 points, dragged lower by a roughly 13% loss in IBM shares. The tech-heavy Nasdaq Composite declined 1.1%, while the S&P 500 shed about 1% and slipped into the red for the year. Software stocks such as Microsoft and CrowdStrike were notable losers during the session, along with cybersecurity stocks and a slate of financial sector names. Heading into Tuesday, traders will keep an eye on a key event hosted by artificial intelligence firm Anthropic, the company behind Claude. Anthropic is expected to make new product announcements and demonstrate Claude’s latest features. Anticipation of the event — and the additional disruption it could bring — contributed to declines in the software space on Monday. “No one wants to get cute ahead of another AI product reveal,” said Mizuho traders in a note. “Every new Anthropic headline has been treated as ‘incremental competition’ for existing software, whether that’s fair or not. So instead of trying to game the outcome, investors are choosing to step aside.” U.S. Treasury yields were little changed on Tuesday as investors parsed the latest twists in President Donald Trump’s tariff policy following a Supreme Court setback, while also bracing for his State of the Union address later in the day. The 10-year Treasury yield was down less than 1 basis point at 4.025%. The 30-year Treasury bond yield was more than 1 basis point lower at 4.683%. The 2-year Treasury note added less than a basis point to 3.448%. Asia-Pacific markets traded mixed Tuesday as investors weighed renewed tariff threats from U.S. President Donald Trump and concerns that artificial intelligence could disrupt software companies. Markets in mainland China were up 1.06% as the market reopens after the Lunar New Year holiday. Hong Kong’s Hang Seng index was down 2%, dragged down by healthcare stocks. South Korea’s Kospi rose 2.11%, ending at 5,969.64. The index reached a new record high for the third straight session and was powered by a chip rally, while the small-cap Kosdaq added 1.13% to end at 1,165. The Taiwan Weighted index also rode the chip rally to lead Asian markets, advancing 2.75% to a record 34,700.82. Chip giant Taiwan Semiconductor Manufacturing Company rose over 3.42%. Japan’s Nikkei 225 gained 0.87% to 57,321.09, while the Topix was up 0.2% and ended at 3,815.98. Australia’s S&P/ASX 200 gave up early gains, falling marginally to 9,022.3. Oil prices hovered near seven-month highs on Tuesday, ​with traders assessing risks ​to supply from any ​military escalation as another round of U.S.-Iran nuclear talks loomed. Brent crude futures were unchanged at $71.49 a barrel, while U.S. crude futures climbed 11 cents, ⁠or ‌0.2%, to $66.42 a barrel. Brent is trading at its ⁠highest since late July, while WTI is at its firmest since early August. Gold prices fell more than 1% on Tuesday, easing from a three-week high hit earlier in the session, as a stronger dollar and profit taking weighed on prices while investors awaited clarity on U.S. President Donald Trump’s tariff plans. Spot gold dropped 1.1% to $5,174.68 per ounce, snapping a four-session winning streak. U.S. gold futures for April delivery were down 0.6% at $5,193.80. The U.S. dollar rose 0.2%, making greenback-priced bullion more expensive for holders of other currencies.