Fed minutes ahead, Nvidia to report, OpenAI turmoil - what's moving markets
Investing.com -- U.S. futures inch down slightly, but stick relatively close to the flatline, as traders look ahead to the release of minutes from the Federal Reserve's November policy meeting and earnings from AI chipmaker Nvidia. The dramatic boardroom battle at OpenAI over the ouster of former boss Sam Altman rumbles on, with the majority of employees now threatening to take their talents elsewhere if he is not reinstated.
1. Futures mostly lower
U.S. stock futures hovered mostly below the flatline on Tuesday, as investors awaited impending minutes from the Federal Reserve's latest meeting and a trickle of corporate earnings.
By 04:44 ET (09:44 GMT), the Dow futures contract had shed 40 points or 0.1%, S&P 500 futures had lost 4 points or 0.1%, and Nasdaq 100 futures were broadly unchanged.
The main indices on Wall Street all finished solidly in the green in the prior session. The 30-stock Dow Jones Industrial Average gained 0.6% and the benchmark S&P 500 added 0.7%, while the tech-heavy Nasdaq Composite rose by 1.1% after touching an almost two-year high earlier on Monday.
Investors will be keeping tabs on 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%. Markets will likely be on the hunt 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.
The numbers have bolstered hopes that policymakers have finally finished a long-standing bout of rate hikes, while the chance that the Fed could begin to cut borrowing costs as early as May next year is also rising, according to
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