U.S. stock futures edged higher early Tuesday following the S&P 500’s record-breaking rally, led by gains in Seagate Technology (STX) and Albemarle (ALB). Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 0.31%, 0.20%, and 0.03%, respectively, at 4:32 a.m. EST on September 16.
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During Monday’s regular trading session, the three major indexes closed in positive territory, marking a record day for the markets. Investors were encouraged by U.S. President Donald Trump’s upbeat comments on trade talks with China. Notably, the S&P 500 closed above the 6,600 level for the first time in history, ending up 0.47%. Meanwhile, the Nasdaq Composite advanced 0.94%, and the Dow Jones inched up 0.11%.
Looking ahead, all eyes are on the Federal Open Market Committee (FOMC) meeting scheduled for Wednesday, where the Fed’s interest rate decision will be announced. The Fed is widely expected to cut rates by 25 bps, with a 100% probability according to CME’s FedWatch tool. Traders will also closely follow Fed Chair Jerome Powell’s press conference for signals on the future direction of monetary policy.
In the meantime, key economic reports on retail sales, import prices, the housing market, and business inventories will be released later today. No major earnings releases are scheduled.
Meanwhile, the U.S. 10-year Treasury yield was down, floating near 4.03%. WTI crude oil futures were trending lower, hovering near $63.07 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $3,726 per ounce on Tuesday.
Elsewhere, European stocks opened lower on September 16 as investors assessed progress on the U.S.-China trade negotiations. Meanwhile, the U.K. is preparing for the U.S. president’s state visit. President Trump and First Lady Melania will arrive Tuesday evening, visit King Charles and Queen Camilla at Windsor Castle on Wednesday, and meet Prime Minister Keir Starmer on Thursday.
Asia-Pacific Markets Traded Higher Today
Asia-Pacific markets traded mostly higher on Tuesday after President Donald Trump said late Monday that trade talks between the U.S. and China in Spain were going well. Moreover, Treasury Secretary Scott Bessent announced that the two sides had agreed to a framework TikTok deal ahead of the app’s ban on September 17 and alluded to another 90-day tariff pause extension.
Hong Kong’s Hang Seng index dropped 0.12%. In China, the Shanghai Composite gained 0.04%, while the Shenzhen Component rose 0.61%. Meanwhile, Japan’s Nikkei crossed the 45,000 level for the first time, closing up 0.30%, while the Topix climbed 0.25%.
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