Rate-setters have offered few clues on the timing for rate cuts this year and several Fed officials on Monday refrained from noting inflation moderating to...
- U.S. index futures were muted on Tuesday, as investors refrained from placing big bets before AI chip leader Nvidia 's earnings this week and amid policy caution from Federal Reserve officials ahead of the central bank's meeting minutes .
Technology stocks kicked off the week on a strong note, driving the tech-heavy Nasdaq to its highest closing level on Monday while the S&P 500 inched closer to its all-time high hit last week.Nvidia's quarterly earnings on Wednesday are also in focus, likely to be a significant market trigger and a litmus test for the success of the generative AI boom.
At 5:28 a.m. ET, Dow e-minis were up 3 points, or 0.01%, S&P 500 e-minis were down 0.5 points, or 0.01%, and Nasdaq 100 e-minis were down 27 points, or 0.14%. U.S.-listed shares of Li Auto lost 4.5% after the Chinese firm postponed plans to launch pure electric SUV models to next year.Trump Media and Technology Group, the company affiliated with former U.S. president Donald Trump that operates Truth Social, reported $770,500 in revenue for the first quarter of 2024 and a net loss of $327.6 million. Shares in Sarasota, Fla.
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