Stock futures little changed as traders weigh earnings, Fed
U.S. stock futures barely moved after Wall Street ended higher, as investors turned to corporate earnings and the Federal Reserve’s two-day policy meeting. Dow…
U.S. stock futures little changed late Monday after Wall Street closed higher, with traders preparing for a run of corporate earnings and the Federal Reserve’s two-day policy meeting. Dow Jones Industrial Average futures slipped 8 points, while Nasdaq-100 futures added 0.1%.
S&P 500 futures were marginally lower, according to CNBC. The muted moves followed gains across all three major U.S. stock indexes during the regular session.
Wall Street starts the week higher
The Dow climbed 146.42 points, or 0.3%. The S&P 500 gained 0.7%, while the Nasdaq Composite advanced 0.8% as technology shares outperformed.
Anthropic’s filing to go public at the Nasdaq helped lift sentiment toward AI-related stocks. CNBC said the planned listing would mark another major technology IPO for 2026, following SpaceX’s listing in June.
Tesla shares advanced more than 5%, and Nvidia rose 2%. Microsoft and Amazon also finished higher.
The rally comes as investors have raised concerns about companies borrowing heavily to fund artificial intelligence expansion. The swings leave traders weighing enthusiasm for AI-linked businesses against questions about how they are financing their investments.
Earnings and Fed meeting in focus
Investors were looking ahead to a busy slate of third-quarter results. Coca-Cola, Robinhood and Boeing were among the companies due to report on Tuesday, CNBC said. Microsoft, Alphabet and Amazon were scheduled to release results later in the week.
The Fed was set to begin its latest monetary policy meeting. The central bank was expected to leave interest rates unchanged, while traders looked for clues about whether another rate increase could come before year-end.
“If, as expected, there is no change in rates, it will still be interesting to see what the vote is after the swings in the last two meetings,” Thomas Block, Washington policy strategist at Fundstrat, wrote, according to CNBC. He added: “While the Fed views itself above partisan politics, it would be unlikely that the Fed would move rates a week before a national election.”
Economic releases also on traders’ radar included durable orders, consumer confidence data and a new home sales report. Those reports, alongside earnings and the Fed’s decision, could shape how investors assess the market after Monday’s advance.
Asian markets move unevenly
Markets across Asia were mixed in Tuesday trading. Japan’s Nikkei 225 rose 1.7% and the Topix gained 0.4%. South Korea’s Kospi advanced 3.8%, while the small-cap Kosdaq rose 2.9%. Australia’s S&P/ASX 200 fell 0.32%.
The Korea Exchange activated a buy-side sidecar as South Korean shares surged. CNBC explained that the mechanism is triggered when the Kospi 200 futures index rises 5% or more for at least one minute, temporarily stopping program trading for 5 minutes.
Asian technology shares also tracked gains in U.S. technology stocks after Anthropic’s filing. In Japan, SoftBank Group advanced 7.6%, Tokyo Electron added 3.86%, Advantest surged 8.8% and Kioxia gained 2.5%. South Korea’s SK Hynix rose 7.1%, while Samsung Electronics was 5.2% higher, CNBC reported.
The figures come as the publication described heightened volatility in Asian technology stocks, with South Korea’s semiconductor-heavy market swinging between steep losses and record gains in recent sessions.
Source: cnbc.com
