US stock futures steady as Nvidia rally cools; rate cuts in focus
Investing.com-- U.S. stock index futures fell slightly in evening deals on Wednesday as a rally in technology stocks, particularly Nvidia, ran out of steam, while investors fretted over an upcoming interest rate decision from the Federal Reserve.
Tech gains also helped markets look past heightened political uncertainty after a fiery presidential debate between Vice President Kamala Harris and former President Donald Trump, where Harris was seen gaining an edge over Trump.)- which was at the heart of Wall Street’s Wednesday rally- fell 0.2% in aftermarket trade, after surging more than 8% during the session.
Gains in Nvidia spilled over into broader technology stocks, on hopes that sustained AI demand will help buoy the sector. But the sector was still nursing a steep selldown from last week.inflation saw investors largely scale back bets that the Fed will cut interest rates by 50 basis points in September.Traders were seen pricing in an 84% chance for a 25 basis point reduction, up from prior expectations of a 66% chance,data due later on Thursday is set to offer more cues on U.S.
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