US Futures Steady Ahead of Fed Decision

2026-06-16 23:52 By Jam Kaimo Samonte 1 min. read

US stock futures stabilized on Wednesday as investors prepared for the upcoming Federal Reserve policy decision, where it is widely expected to keep interest rates unchanged.

On the economic front, markets will monitor retail sales and pending home sales data, while earnings reports from CarMax and Jabil are also due.

In regular trading on Tuesday, the Dow gained 0.64%, whereas the S&P 500 and Nasdaq Composite fell 0.57% and 1.15%, respectively.

Technology shares came under pressure as investors locked in profits following a strong rally in semiconductor stocks, with Nvidia (-2.4%), Broadcom (-4.4%), Micron (-6.2%), AMD (-7.3%), and Intel (-8.5%) posting notable declines.

Meanwhile, SpaceX advanced 4.8%, extending gains since its IPO on Friday, amid reports that the company plans to acquire Cursor in a deal valued at $60 billion.



News Stream
US Futures Steady Ahead of Fed Decision
US stock futures stabilized on Wednesday as investors prepared for the upcoming Federal Reserve policy decision, where it is widely expected to keep interest rates unchanged. On the economic front, markets will monitor retail sales and pending home sales data, while earnings reports from CarMax and Jabil are also due. In regular trading on Tuesday, the Dow gained 0.64%, whereas the S&P 500 and Nasdaq Composite fell 0.57% and 1.15%, respectively. Technology shares came under pressure as investors locked in profits following a strong rally in semiconductor stocks, with Nvidia (-2.4%), Broadcom (-4.4%), Micron (-6.2%), AMD (-7.3%), and Intel (-8.5%) posting notable declines. Meanwhile, SpaceX advanced 4.8%, extending gains since its IPO on Friday, amid reports that the company plans to acquire Cursor in a deal valued at $60 billion.
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The Dow Jones Index Closes 0.64% Higher
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US Stock Market Closes Mixed
US equities closed mixed on Tuesday amid a pullback in AI-related stocks. The S&P 500 lost 0.6%, while the Nasdaq was down 1.2%. Investors took profits in semiconductor names after their recent rally, with Nvidia (-2.4%), Broadcom (-4.4%), Micron (-6.2%), AMD (-7.3%), and Intel (-8.5%) all posting losses. In contrast, SpaceX gained 4.8%, extending its advance since Friday's IPO, after reports that it would acquire Cursor for $60 billion. Meanwhile, the Dow Jones rose 328 points to a new high, supported by optimism surrounding the preliminary US-Iran agreement. Both countries are expected to sign the deal on Friday, with US officials stating that the Strait of Hormuz will reopen. Bond yields continued to ease as lower oil prices softened inflation concerns ahead of the Fed's expected rate hold on Wednesday, although Chairman Warsh is still expected to advocate changes to the monetary framework and a smaller balance sheet. JPMorgan rose 3.7%, while Visa gained 2.8%.
2026-06-16