Dow futures edge lower ahead of Fed minutes, Nvidia earnings
Investing.com — U.S. stock futures traded marginally lower Tuesday, with investors displaying a degree of caution ahead of the release of the minutes from the Federal Reserve's last meeting as well as earnings from AI chipmaker Nvidia (NASDAQ:NVDA).
By 06:15 ET (11:15 GMT), the Dow Futures contract was down 55 points, or 0.2%, S&P 500 Futures traded 4 points, or 0.1%, lower and Nasdaq 100 Futures dropped 7 points, or 0.1%.
The main indices on Wall Street closed higher on Monday, continuing the recent positive trend amid rising expectations the Federal Reserve is done hiking rates and will likely cut early next year.
The S&P 500 gained 0.7% and the tech-heavy Nasdaq Composite climbed 1.1%, the fifth successive positive day for both averages, while the Dow Jones Industrial Average rose over 200 points, or 0.6%.
Investors appear to be taking a cautious stance ahead of the release of the minutes from the Fed's November gathering, when the U.S. central bank voted to leave interest rates steady at a range of 5.25% to 5.50%, later in the session.
They will be looking for any insight into how officials see rates evolving in the coming months, particularly with recent data suggesting that the tighter policy may be helping to cool price growth in the world's largest economy.
That said, worries also exist that upcoming data might show not just a slowing U.S. economy but also an economy on the verge of a recession.
Traders have nearly fully priced in the likelihood that the Fed will keep interest rates unchanged in December, while the chance that the central bank could begin to cut borrowing costs as early as May next year is also rising, according to Investing.com's Fed Rate Monitor Tool.
The earnings season has generally
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