US stock index futures remained steady in evening trading on Tuesday, staying relatively unchanged after a positive session driven by tech stocks on Wall Street. Investors are now eagerly awaiting the conclusion of the Federal Reserve meeting scheduled for later in the day, which is expected to provide further insight into the central bank’s monetary policy stance.
The market saw a boost of optimism fueled by artificial intelligence, particularly after NVIDIA Corporation revealed details about its new line of AI chips. However, this positive sentiment was somewhat tempered by concerns around inflation data that have been coming in higher than expected in recent months.
S&P 500 Futures saw a slight decline to 5,239.25 points, while Nasdaq 100 Futures edged up to 18,276.25 points. Dow Jones Futures held steady at 39,537.0 points.
With expectations that the Fed will maintain interest rates at the current levels, investors are keenly watching for any hints of a more hawkish approach towards future rate hikes. The recent uptick in inflation readings has raised concerns that the Fed may adjust its stance on interest rate cuts, especially considering the strong performance of the U.S. economy.
Despite the uncertainties surrounding the Fed’s decision, U.S. stock indexes are still within reach of their recent record highs, supported by optimism surrounding AI and the overall resilience of the economy.
NVIDIA’s stock experienced a slight decline after hours, following a period of volatility amid doubts about the company’s ability to meet its AI-related goals. Although the stock has previously seen significant growth, there is some caution among investors as they await the Fed’s next move.
In conclusion, the market remains in a state of flux as investors await the Federal Reserve’s decision on interest rates and monitor key economic indicators for further insights into the future trajectory of the U.S. economy.
