US stock futures steady after Nvidia rally; Fed cues in focus
Investing.com-- U.S. stock index futures steadied in evening deals on Tuesday after a rally in market darling Nvidia drove the Nasdaq to new highs, with focus remaining on upcoming inflation data and more cues on interest rates.) extended some gains into aftermarket trade after surging some 7% during the session on hype over artificial intelligence.
data, which is the Federal Reserve’s preferred inflation gauge, is due this Friday, and is likely to factor into the central bank’s outlook on interest rates. Before that, hawkish warnings from Fed officials continued to pour in. Minneapolis Fed President Neel Kashkari warned on Tuesday that the Fed had still not ruled out rate hikes, especially in the face of sticky inflation.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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