Dow Jones futures edged up 0.05% to about 52,580 in European trading on Tuesday, while S&P 500 futures slipped 0.11% to roughly 7,710 and Nasdaq 100 futures fell 0.30% to near 29,350. Positioning was cautious ahead of the Federal Reserve decision due on Wednesday, with markets leaning towards no change in October and a possible move later in the year. Pricing in the CME FedWatch Tool implies an 89.5% probability of a pause at the October meeting, alongside an 82.3% chance of a December rate increase.
US Equity Markets Begin The Week Higher
US equities began the week higher on Monday, with the Dow up 0.3%, the S&P 500 gaining 0.7% and the Nasdaq Composite rising 0.8%, as technology shares outperformed ahead of earnings and the policy meeting. A rebound in chips helped set the tone: the Philadelphia Semiconductor Index rose 2.82% after dropping 3.21% last week, while the “Magnificent Seven” added 0.76%. In single names, Tesla climbed more than 5% and Nvidia rose 2%, and CoreWeave finished up 1.76%.
