U.S. stock index futures were mostly flat on Monday evening after the major Wall Street benchmarks closed at record highs, supported by optimism over potential Federal Reserve rate cuts and progress in U.S.–China trade discussions.
Specifically, S&P 500 futures edged up about 0.1% to 6,914.50 points, Nasdaq-100 futures rose 0.2% to 26,008.75 points, while Dow Jones Industrial Average futures gained 0.1% to 47,749 points (as of 8:00 p.m. ET).
In the prior session, the Dow Jones climbed 0.7%, the S&P 500 added 1.2%, and the Nasdaq rose 1.9% — all finishing at fresh record highs.
The rally was driven by inflows into technology and consumer discretionary stocks, as investors positioned ahead of a busy week featuring several key events, including the Fed’s two-day policy meeting starting Tuesday and a series of major corporate earnings reports.
Market sentiment also improved after reports suggested a possible framework agreement between the U.S. and China, under which both sides would delay new tariffs and temporarily suspend restrictions on rare-earth exports from China — easing concerns over trade tensions that had weighed on investors.
However, caution remained in the air: despite stocks trading near record levels, investors awaited the outcome of the Fed meeting to confirm the direction of monetary policy — a key factor likely to influence the next leg of the market’s move.
In summary, the U.S. stock market currently appears to be in a “pause but not pullback” phase, with futures stabilizing after record highs as investors focus on upcoming policy decisions to determine the market’s next trajectory.
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