Investing.com– U.S. stock index futures remained steady on Sunday evening, as investors treaded cautiously ahead of the Federal Reserve meeting and kept an eye on Nvidia Corp’s annual developer conference.
Wall Street indexes have seen a slight pullback from record highs in the past two weeks, with a focus on the technology sector and concerns over potential interest rate hikes. The Fed meeting this week will be closely watched for any signals on the central bank’s plans for rates, especially after recent hotter-than-expected inflation readings.
The S&P 500 futures rose slightly, while the Dow futures also saw a modest increase. The Nasdaq futures, however, dipped slightly as investors took profits in the technology sector.
In addition to the Fed meeting, all eyes are on Nvidia’s GTC conference, where the company is expected to unveil its new flagship AI chips. Nvidia has been a key player in the AI market rally and has seen significant growth in valuation over the past year. CEO Jensen Huang is set to deliver a keynote address on Monday, where he is expected to introduce the new AI chip, dubbed the B100.
The conference could be a catalyst for Nvidia and the broader technology sector, potentially reigniting the rally that has cooled off in recent days. Investors will be closely watching for any updates and announcements from the conference to guide their investment decisions in the coming days.
