S&P 500 futures experienced an uptick on Tuesday following a record-setting session for the benchmark index, as market participants anticipated the commencement of the latest Federal Reserve meeting. Futures associated with the S&P 500 exhibited an increase of 0.2%, whereas Nasdaq-100 futures demonstrated a rise of 0.3%. Futures for the Dow Jones Industrial Average declined by 8 points, remaining just beneath the flatline.

Oracle experienced a nearly 5% increase in its shares, which referenced sources indicating that the company is part of a consortium of firms facilitating the continued operation of the social media platform TikTok in the United States. The S&P 500 achieved a closing value exceeding 6,600 for the inaugural occasion on Monday, concurrently, the Nasdaq Composite surged to reach a new all-time high. Investors seemed satisfied with President Donald Trump’s optimistic portrayal of the trade discussions with China. Several major technology stocks contributed positively to the market, highlighted by increases exceeding 4% and 3% in Alphabet and Tesla, respectively.

“Thus far, generally everything’s gone right,” stated Michael Kantrowitz, chief investment strategist, “Many fears have dissipated, and … for the first time in approximately three years, there is a noticeable enhancement in earnings expectations.” Market participants are preparing for the Federal Reserve’s upcoming interest rate meeting, scheduled to commence on Tuesday, with a decision anticipated on Wednesday. Fed funds futures indicate a complete certainty of a minimum quarter-point rate reduction.

Traders will continue to scrutinize Fed Chair Jerome Powell’s upcoming press conference for insights regarding the trajectory of monetary policy. The meeting follows the Senate’s confirmation of President Donald Trump’s nominee for the central bank, Stephen Miran. Investors will closely observe economic indicators related to retail sales, import prices, the housing market, and business inventories set to be released on Tuesday.