S&P 500 futures rose Tuesday after a record-setting session for the benchmark index, while traders awaited the beginning of the latest Federal Reserve meeting.
Futures for the Dow Jones Industrials shrank five points, to 46,257.
Futures for the much broader index added 9.5 points, or 0.1%, at 6,688.75.
Futures for the NASDAQ gained 45.25 points, or 0.2%, to 24,596.
Oracle shares jumped nearly 5% after CBS News reported, citing sources, that the company is among a consortium of firms that would enable social media platform TikTok to keep operating in the U.S.
The S&P 500 closed above 6,600 for the first time on Monday, while the NASDAQ Composite also raced to an all-time high.
Investors appeared pleased with President Donald Trump’s positive description of trade talks with China. Several big technology stocks provided upside for the market, led by jumps of more than 4% and 3% in Alphabet and Tesla, respectively.
Traders are gearing up for the Fed’s interest rate meeting, set to begin Tuesday, with a decision expected Wednesday. Fed funds futures pricing in a 100% likelihood of at least a quarter-point rate cut.
Yet traders will still closely monitor Fed Chair Jerome Powell’s subsequent press conference for any clues on the future of monetary policy.
In Japan, the Nikkei 225 jumped 0.3%, while in Hong Kong, the Hang Seng backpedaled eight points.
Oil prices gained 43 cents to $63.73 U.S. a barrel.
Gold prices vaulted $12.20 at $3,731.20 U.S. per ounce.
