US Stock Futures Inch Higher Ahead of Fed Minutes Release
Markets Open Positive
US stock futures opened higher on Tuesday, kicking off a shortened trading week marked by the release of Federal Reserve minutes. Investors remain cautious as President Donald Trump's policy overhaul influences market sentiment.
Tech Stocks Lead Gains
Nasdaq 100 futures gained approximately 0.4%, following the tech-heavy index's record-breaking close on Friday.
Fed Minutes in Focus
S&P 500 futures advanced 0.3%, aiming to extend January's all-time high. Dow Jones Industrial Average futures remained stable.
US-Russia Talks Impact Markets
Ongoing negotiations between the US and Russia regarding the Ukraine war have gripped markets, with investors awaiting potential outcomes.
Earnings Season Continues
Baidu reported a revenue decline that was less severe than anticipated, easing concerns about AI rivalry. Walmart and Dropbox are among the notable companies releasing earnings reports this week.
Fed Officials Maintain Stance
Fed speakers reiterated their stance on holding off on rate cuts despite persistent inflation. Patience remains the guiding principle while policymakers anticipate an easing of price pressures.
Europe Stocks Steady
European stock markets, including the Stoxx 600, held near record highs as traders anticipate increased defense spending in the region.
Trade War Concerns Rise
A BofA survey indicates that fund managers consider a global trade war as the primary risk to markets, with sentiment shifting towards heightened apprehension.