Stock futures were little changed on Monday after a bounce back in tech shares ahead of Nvidia's inaugural artificial intelligence conference. Heading into Tuesday, Nvidia shares showed signs of cooling as investors shift their focus to the Federal Reserve's two-day policy meeting. Futures tied to the S&P 500 slipped 0.03%, while Dow Jones Industrial Average futures ticked up 17 points, or 0.04%. Nasdaq 100 futures were 0.13% lower.
The S&P 500 broke a three-session slump during regular trading. The broad market index and the Nasdaq Composite entered Monday riding two-week losing streaks.. Chief Executive Jensen Huang unveiled Nvidia's latest AI chip, labeled Blackwell, which he touted as a significantly more powerful successor to its chips that power a multitude of AI operations. Tech stocks including Google-parent Alphabet and Apple also climbed on Monday. A Bloomberg report that the two firms were in talks to integrate Wall Street is awaiting guidance on the path forward for monetary policy as the Federal Reserve begins its two-day policy meeting on Tuesday. A recent slate of worrying inflation reports has investors concerned that the central bank could signal interest rates will remain higher for longer than expected. However, fed funds futures currently forecast a 99% likelihood that the Fed will leave benchmark interest rates unchanged this week, according to the Feeling out of the loop? We'll catch you up on the Chicago news you need to kno
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