Markets Prepare for Fed Meeting as Nvidia Rebounds
U.S. stock markets had mixed results on Tuesday as investors waited for the Federal Reserve's next decision on interest rates. Dow Jones futures fell 0.2%, while S&P 500 futures rose 0.1%, and Nasdaq 100 futures climbed 0.2%.
One of the biggest movers was Nvidia, which bounced back 2.5% after a sharp 17% drop on Monday. The sell-off came after reports that Chinese AI startup DeepSeek had made big progress in AI technology, possibly reducing its reliance on Nvidia’s most advanced chips. This caused panic in tech stocks, hitting not just Nvidia but also Broadcom and Astera Labs.
Now, all eyes are on the Federal Reserve. Investors want to know if interest rates will change and how Fed Chair Jerome Powell will respond to economic conditions. The market is also watching big earnings reports from companies like Boeing, General Motors, Lockheed Martin, and Royal Caribbean.
With all these factors in play, investors remain cautious as they wait for more clarity from the Fed and the latest corporate results.