U.S. stock futures were muted on Tuesday morning as investors reacted to the White House’s approval of the export of the H200 AI chips of semiconductor giant Nvidia (NVDA) to China. Meanwhile, traders are closely monitoring the two-day Federal Open Market Committee (FOMC) meeting that begins today, where the Fed will make its final interest rate decision of the year.
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Futures on the Nasdaq 100 (NDX) were down 0.01% while futures tied to the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA) were up 0.05% and 0.02%, respectively, at 8:15 a.m. EST on December 9.
During Monday’s regular trading session, all three major indexes closed lower. The Dow Jones, the S&P 500, and the Nasdaq Composite fell by 0.45%, 0.35%, and 0.14%, respectively.
Turning to trending stocks, shares of Nvidia and Advanced Micro Devices (AMD) gained on the news of H200 chip export approval. Meanwhile, AutoZone (AZO) stock declined more than 2% in pre-market trading after the company missed earnings estimates for the fiscal first quarter.
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