US stock futures steady after record highs; Nividia, Fed minutes awaited
Investing.com-- U.S. stock index futures moved little in evening deals on Tuesday after persistent strength in technology stocks, ahead of key earnings from market darling Nvidia, saw Wall Street just about clock new highs.
The Fed kept rates steady during the meeting and warned that inflation was turning sticky. But it had also still mentioned the possibility of interest rate cuts this year, a statement that markets had clung to. Beyond the minutes, more Fed officials are also set to speak in the coming days. The central bank is now expected to potentially begin cutting rates in September.Wall Street indexes eked out some gains on Tuesday, boosted chiefly by the technology sector as investors positioned for hotly anticipated earnings from NVIDIA Corporation (NASDAQ:
Nvidia currently makes the most advanced AI chips available in the market, and is expected to have benefited substantially from major tech companies racing to further their AI plans.Nvidia, which also shot up to become the third-most valuable company on Wall Street, hovered just below a record high in aftermarket trade.
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