S&P 500 futures inch lower after Tuesday's tech-fueled rally: Live updates

Investors are preparing to close out the best first half for the Nasdaq in 40 years, as they ride a wave of optimism around artificial intelligence that has significantly buoyed a handful of mega-cap tech stocks. The S&P 500 and Nasdaq Composite are higher this year by 14% and 29%.

before a policy panel at the European Central Bank Forum on Central Banking in Sintra, Portugal. The event will be moderated by CNBC's Sara Eisen and begins at 9:30 a.m. ET. Futures tied to the Nasdaq 100 slid 0.3% as a host of big semiconductor companies slipped on Tuesday night.

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