Investing.com-- U.S. stock index futures rose slightly in evening deals on Sunday after a series of record highs on Wall Street, with sentiment remaining cautiously optimistic ahead of more cues on interest rates and earnings this week.Focus this week is squarely on more cues from the Federal Reserve on the path of interest rates, with theThe bank had kept rates steady and warned that it needed more confidence that inflation was coming down.
The Fed cues come amid increased focus on the bank’s plans to cut interest rates, especially after slightly softer inflation readings for April pushed up bets for a September rate cut.data for May, which is set to offer more cues on U.S. business activity. Any signs of cooling could factor into the outlook for interest rate cuts.While Wall Street indexes made new highs last week, they were still seen running out of momentum amid uncertainty over just when the Fed could begin trimming rates.
Nvidia’s earnings are also expected to likely determine the trajectory of other tech stocks, given their increasing exposure to AI.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.