U.S. equity futures edged higher in early Tuesday trading, while Treasury yields steadied and the dollar slipped, as investors looked to the first of a series of job market data releases that could test the market's early January rally.

Chip stocks rose sharply on Monday, partly due to a solid earnings report from Foxconn, which pointed to continued AI demand.

Rising technology stocks on Monday helped U.S. indexes recover some more of their holiday-season slide that bridged the new year. The S&P 500 added 0.6% for a second straight gain following five straight losses,

Stocks are running in premarket trading on Monday. Here's a look at major indexes as of 8:50 a.m. ET: Nasdaq Futures: Up 205.25 (+.95%) S&P 500 Futures: Up 45.25 (+.76%) Dow Jones Futures: Up 184 (+.43%) The big story in premarket trading is that NVIDIA (Nasdaq: NVDA) and chip stocks are up big.