U.S. stock index futures traded in a muted fashion on Tuesday, pausing after Wall Street logged a three-day winning streak and fresh record highs.<\/p>\n\n\n\n
At 05:55 ET (09:55 GMT), Dow Jones Futures<\/strong> added 85 points, or 0.2%, S&P 500 Futures<\/strong> edged up 1 point, or 0.1%, and Nasdaq 100 Futures<\/strong> gained 9 points, or 0.1%.<\/p>\n\n\n\n The three major U.S. indices closed at all-time highs on Monday<\/strong>, marking a third consecutive winning session for the S&P 500. Momentum was boosted by news that Nvidia (NASDAQ: NVDA)<\/strong> will invest $100 billion in OpenAI to develop advanced data centers\u2014another sign of accelerating demand in artificial intelligence infrastructure.<\/p>\n\n\n\n Investors now turn their attention to a key speech by Federal Reserve Chair Jerome Powell<\/strong> later in the session. The Fed last week cut interest rates by 25 basis points and signaled at least two more reductions this year, citing labor market weakness.<\/p>\n\n\n\n Still, Powell warned of sticky inflation risks, while several Fed officials struck a hawkish tone on Monday, suggesting the recent move reduced the urgency for further cuts. By contrast, newly confirmed Governor Stephen Miran<\/strong> called for more aggressive easing.<\/p>\n\n\n\n Markets currently assign a 90% probability of another quarter-point cut in October<\/strong> and about a 75% chance of an additional reduction in December<\/strong>, according to the CME FedWatch Tool.<\/p>\n\n\n\n Beyond Fed commentary, markets will also be watching S&P Global\u2019s flash purchasing managers index (PMI)<\/strong> data for September. Economists expect the composite PMI to remain unchanged at 54.6<\/strong>, signaling solid expansion.<\/p>\n\n\n\n The manufacturing PMI<\/strong> is forecast to dip to 52.2 from 53.0, while the services PMI<\/strong> is projected to edge lower to 54.0 from 54.5. With the services sector driving much of U.S. output, investors will be parsing the numbers closely for signs of slowing momentum.<\/p>\n","protected":false},"excerpt":{"rendered":" U.S. stock index futures traded in a muted fashion on Tuesday, pausing after Wall Street logged a three-day winning streak and fresh record highs. At 05:55 ET (09:55 GMT), Dow Jones Futures added 85 points, or 0.2%, S&P 500 Futures edged up 1 point, or 0.1%, and Nasdaq 100 Futures gained 9 points, or 0.1%. …<\/p>\n","protected":false},"author":9,"featured_media":110831,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,39,36],"tags":[],"class_list":["post-119151","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119151"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119151\/revisions"}],"predecessor-version":[{"id":119152,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119151\/revisions\/119152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/110831"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Wall Street Rally Fueled by Tech<\/h4>\n\n\n\n
Powell\u2019s Speech in Focus<\/h4>\n\n\n\n
PMI Data to Provide Economic Insight<\/h4>\n\n\n\n