Markets hung quietly around record levels early Tuesday as announcements related to artificial intelligence continued to propel companies’ shares higher.

Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq were all effectively unchanged a couple of hours before the opening bell.

One of the big winners in premarket was IBM, whose shares jumped 4.5% after the New York technology giant announced an AI partnership with Anthropic, maker of the Claude AI chatbot. The companies said that Claude will be integrated into certain IBM software in an effort to boost clients’ productivity while maintaining the security of their code.

Shares of Trilogy Metals more than tripled overnight after the White House announced late Monday that it’s taking a 10% equity stake in the Canadian company

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