U.S. stock futures exhibited little movement on Tuesday, following a remarkable day on Wall Street where indices reached record highs for a third consecutive session. Contracts for the Dow Jones Industrial Average, the S&P 500, and the tech-rich Nasdaq 100 hovered around the flat line, reflecting a cautious sentiment among investors.
On Monday, the stock market surged, bolstered by optimism surrounding the artificial intelligence sector and anticipation of forthcoming interest rate cuts from the Federal Reserve. The Nasdaq Composite led the charge, driven by impressive gains in tech stocks, particularly Nvidia. The AI chipmaker announced plans for a substantial investment of approximately $100 billion in OpenAI, significantly boosting market confidence.
Additionally, Oracle shares experienced upward momentum following confirmation from the White House regarding its potential involvement in a deal with TikTok. The electric vehicle manufacturer Tesla also marked a significant achievement, hitting a new closing high for 2025.
Investor attention is now fixated on Micron Technology, which is set to release its quarterly results later today. Analysts will closely monitor the report for insights into AI-driven demand and updated revenue projections.
In a critical development for market watchers, Federal Reserve Chairman Jerome Powell is slated to give a speech on monetary policy later in the day. His remarks will likely influence market trends as investors remain attentive to the central bank’s stance.
The key highlight for Wall Street this week will occur on Friday with the release of the Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures index. Market participants are keen to discern whether inflation is stabilizing or continuing to rise, as inversions in inflation can disrupt plans for anticipated rate cuts.
On the corporate front, Disney has announced the return of “Jimmy Kimmel Live!” to its ABC network. The show had been suspended just days prior after the chair of the Federal Communications Commission expressed concerns over comments made by host Jimmy Kimmel regarding political commentator Charlie Kirk.
In commodities, gold prices have surged to new record highs, coinciding with significant inflows into gold exchange-traded funds, which have reached their highest levels in three years. Traders appear undeterred by recent remarks from Fed officials regarding upcoming monetary policies, signaling strong investor interest in the precious metal.
