U.S. stock index futures moved slightly in Monday evening’s trades as momentum on Wall Street paused after buying in tech stocks, setting the Nasdaq index at record levels.
Uncertainty over interest rates persisted as warnings about persistent inflation from Federal Reserve officials continued to emerge, with a focus on the minutes of the Federal Reserve meeting scheduled for Wednesday.
Nvidia is set to announce its quarterly earnings after the closing bell on Wednesday, with a direct focus on whether the company can meet market expectations for a significant profit jump.
The company is seen as a leader in the fast-growing AI industry, and its earnings are likely to set the direction for the tech sector. Tech stocks saw continuous buying ahead of Nvidia’s earnings, which also helped push the NASDAQ Composite Index to a record closing level on Monday. The index has significantly outperformed its counterparts on Wall Street. Nvidia’s stock rose by 2.5% and approached a record high.
