United States equity futures advanced in overnight trading on Monday (Tuesday AEST), after the S&P 500 closed above 6,600 for the first time and the Nasdaq also notched a fresh record during regular trade.
By 9:10 am AEST (11:10 pm GMT), Dow Jones futures rose 0.6%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures advanced 0.9%.
The moves followed a strong session on Wall Street, where investors welcomed President Donald Trump’s upbeat comments on ongoing trade talks with China.
Technology stocks led the advance, with Alphabet climbing more than 4% and Tesla gaining over 3%.
Attention now shifts to the Federal Reserve, which is due to announce its latest policy decision on Wednesday afternoon.
Fed funds futures indicate a 100% probability of at least a quarter-point rate cut, according to the CME Group FedWatch Tool.
However, traders are expected to scrutinise Chair Jerome Powell’s press conference for further guidance on the central bank’s outlook.
Ahead of the decision, investors will parse a series of economic reports on Tuesday (Wednesday AEST), including retail sales, import prices, housing market indicators and business inventories.
