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16.09.202512:52:30UTC+00S&P 500, Nasdaq Set to Extend Record Run

Futures for the S&P 500 and Nasdaq 100 advanced by 0.3% on Tuesday, following their previous session's record-high closes. Meanwhile, Dow Jones futures remained steady, hovering close to unchanged. Market participants are intently observing the Federal Open Market Committee (FOMC) meeting, which commences today. The Federal Reserve is anticipated to announce a 25 basis point rate cut on Wednesday. On the economic data front, retail sales exceeded expectations, alongside stronger-than-forecast export and import prices. Nonetheless, these figures have not significantly altered the market's outlook regarding Fed policy. In corporate developments, Oracle's shares climbed approximately 4% in premarket trading amid reports of its involvement in a consortium that could enable TikTok's continued operations in the U.S. Elsewhere, shares of Alphabet rose by 0.5% and Tesla by 1.2%, whereas Nvidia experienced a slight decline of 0.2% prior to the market opening.

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