U.S. index futures were down on Tuesday as investors remained cautious ahead of earnings reports from Nvidia and Federal Reserve meeting minutes. Fed officials have not given clear indications regarding the timing of rate cuts despite easing inflation pressures. Tech stocks, however, have seen gains with the Nasdaq reaching a record high on Monday. Nvidia’s quarterly earnings will be closely watched as a test for the success of generative AI. Options for Nvidia are indicating a potential 8.7% swing in either direction post-earnings. The Dow was slightly up, the S&P 500 was flat, and the Nasdaq 100 was down in early trading. Other companies such as Palo Alto Networks, Peloton Interactive, and Li Auto saw declines in premarket trading. Li Auto, a Chinese firm, postponed plans to launch electric SUV models. Overall, investors are waiting for further insights from Fed officials and Nvidia’s earnings to guide their next moves in the market.
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https://ca.finance.yahoo.com/news/futures-steady-fed-policy-caution-102700324.html
Nvidia results awaited while Fed policy caution impacts steady futures market
