US stock futures drifted lower on Tuesday, setting the stage for a retreat from record highs as investors waited for the start of a Federal Reserve meeting that should signpost the path of interest rates. Futures on the S&P 500 and the tech-heavy Nasdaq 100 both fell roughly 0.3% on the heels of notching all-time closing highs. Dow Jones Industrial Average futures dropped 0.4%.
The two-day Fed policy meeting that kicks off Tuesday is heavily expected to end with borrowing costs kept at their two-decade high. Investors will still watch out for hints on when a shift to cuts will come, with September or November in the frame. Read more: How does the labor market affect inflation? Investors calculating the rate-reduction odds are also looking ahead to May consumer price data due out on Wednesday, given its crucial role in the Fed's deliberations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq slips after record as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: World stocks are mixed ahead of this week's Fed meetingHONG KONG (AP) — World shares were mixed on Tuesday in a busy week that will bring several top-tier reports on U.S. inflation along with a policy meeting of ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks close lower after Fed minutes with Nvidia earnings on deckStocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks take leg lower after Fed minutes with Nvidia earnings on deckStocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Stocks eye record highs as cooler inflation revives Fed rate cut hopesStocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »