Nasdaq climbs more than 1% as AI trade makes a comeback

What happened: Nasdaq futures gained as investors bought the dip in the AI trade, per CNBC. The S&P 500 lost nearly 2% last week, its biggest weekly decline since late June. Key numbers: S&P 500 down nearly 2% last week, biggest weekly decline since late June. Nasdaq fell 4.5%, ending a four-week winning streak. Why it matters: The prior week's losses marked the sharpest S&P 500 pullback since late June and ended the Nasdaq's four-week winning streak, with futures pointing to renewed buying interest.

Nasdaq futures gained as investors bought the dip in the AI trade, per CNBC. The S&P 500 lost nearly 2% last week, its biggest weekly decline since late June.

The prior week's losses marked the sharpest S&P 500 pullback since late June and ended the Nasdaq's four-week winning streak, with futures pointing to renewed buying interest.