U.S. stock futures held mostly flat Tuesday evening after the major indices hit fresh records. Futures on the Nasdaq 100 (NDX) and the S&P 500 (SPX) were up 0.07% and 0.04%, respectively, at 6:15 p.m. EDT on October 28, while the Dow Jones Industrial Average (DJIA) futures were down 0.04%.
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Stocks hit new highs for the third day in a row on Tuesday, boosted by strong earnings, AI optimism, and hopes for a positive outcome from the Federal Reserve meeting. Overall, the Nasdaq Composite, the Dow Jones, and the S&P 500 rose 0.8%, 0.3%, and 0.2%, respectively.
Investors are watching closely as the Federal Reserve wraps up its meeting on Wednesday. A quarter-point rate cut is widely expected, but attention will be on Chair Jerome Powell’s tone and hints about future cuts, especially one potentially coming in December.
On the earnings front, big tech companies, including Alphabet (GOOGL), Meta (META), and Microsoft (MSFT), will report results on Wednesday.
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