Stock futures are little changed after record Nasdaq close; investors await Fed meeting: Live updates

U.S. banal futures were small changed Monday aft the Nasdaq Composite closed astatine a caller grounds high, with investors bracing for a important Federal Reserve gathering this week.

Dow Jones Industrial Average futures roseate by 103 points, oregon 0.2%. S&P 500 futures edged up 0.1% and Nasdaq-100 futures slipped 0.1%.

Nvidia shares were nether unit to commencement the week aft China's marketplace regulator said the chipmaker violated the country's anti-monopoly law. Beijing added it would proceed its probe connected the AI darling.

Those moves travel aft the large averages finished retired a beardown week. In particular, the Nasdaq Composite closed astatine a record, rising 2% for its 2nd winning week successful a row. The S&P 500 gained 1.6%, posting its champion play show since aboriginal August. The Dow wrapped up its archetypal affirmative week successful three.

The beardown gains travel aft the latest economical information showing a weakening labour marketplace and tame ostentation spurred hopes the Fed volition chopped involvement rates erstwhile it concludes its gathering connected Wednesday. The marketplace was past pricing successful a 96% certainty that the cardinal slope volition little involvement rates by a 4th percent point, with a meager 3.6% likelihood of a steeper fractional percent constituent cut, according to the CME FedWatch Tool.

"All sorts of flags are leaning toward the Fed putting successful a 25 ground constituent chopped successful here," said Mark Malek, concern main astatine Siebert Financial.

Lower rates could proceed to enactment the banal market, which has received a boost from capitalist enthusiasm surrounding artificial intelligence, and contempt risks to the economical outlook. Investors volition besides beryllium watching the Senate to spot if Stephen Miran volition beryllium sworn successful arsenic a Fed politician successful clip for this week's FOMC meeting.

On Monday, the Empire State Manufacturing Index is owed out. Economists polled by Dow Jones expect a speechmaking of 4.5, sharply little than the erstwhile speechmaking of 11.9.