Futures drift lower as Nvidia results, Fed minutes loom
Published by
Reuters
Reuters
(Reuters) – U.S. stock index futures inched lower on Tuesday as investors stayed on the sidelines ahead of artificial intelligence chip leader Nvidia’s quarterly report and the release of the Federal Reserve’s meeting minutes. A technology-fueled rally led the S&P 500 and the Nasdaq to register their highest closing level in over three months on Monday, as investors continued to bet that the Fed was at the end of its rate hiking cycle. Big Tech stocks, which have powered most of the S&P 500’s gains this year, now face an important test with Nvidia due to report third-quarter results after mark…