S&P 500, Nasdaq open higher as oil pulls back ahead of Fed decision

Live updates

1. 1h ago

   S&P 500 and Nasdaq Rise as Oil Prices Ease

   Wall Street indices opened higher on Tuesday, led by gains in technology shares as crude oil prices retreated for the second straight session in volatile trading. The S&P 500 and Nasdaq advanced during morning trading, while the Dow Jones Industrial Average slipped. Investors are assessing corporate earnings alongside artificial intelligence developments while awaiting the upcoming Federal Reserve policy decision. Analysts note that inflation indicators remain elevated amid the ongoing conflict between the United States and Iran, keeping market focus squarely on central bank guidance and interest rate trajectories through mid-2027.

   Why it matters

   Oil prices have hovered near their highest levels since late April due to geopolitical tensions, putting pressure on inflation metrics. The Federal Reserve is widely expected to hold interest rates steady following a rate increase last month, but markets continue pricing in potential future hikes. Maintaining institutional credibility remains a central theme for policymakers as consumer price inflation targets have been exceeded for over sixty straight months.

   What is confirmed

   • The S&P 500 gained 12.45 points, or 0.16%, to 7,689.22 on Tuesday morning.
   • The Nasdaq Composite rose 98.08 points, or 0.38%, to 26,267.46.
   • The Dow Jones Industrial Average fell 73.92 points, or 0.14%, to 52,287.66.
   • Brent crude slipped for the second straight session in volatile trading, holding near its highest level since late April.
   • Sherwin-Williams shares dropped 3.4% following a quarterly profit miss.
   • Tesla shares climbed close to 3% in morning trading.

   Still unconfirmed

   • Markets are pricing in at least two more interest rate hikes by mid-2027 as inflation indicators remain elevated.

   What to watch next

   • The upcoming Federal Reserve interest rate decision and statement release on Wednesday.
   • Continued corporate earnings reports from major companies throughout the week.
   • Further price movements in crude oil markets tied to geopolitical developments.
   Sources used for this update (14)

   1. CNBC — Stock futures are little changed after Wall Street starts the week on a winning note: Live updates
   2. Investing.com — U.S. stock futures rise as Anthropic IPO buzz boosts tech; Fed, earnings on tap
   3. Reuters — US stock futures gain as oil pulls back ahead of Fed decision
   4. www.kitco.com — US stock futures gain as oil pulls back ahead of Fed decision
   5. Pittsburgh Post-Gazette — Global shares are mixed as investors await central bank rate decisions
   6. Yahoo Finance — U.S. Stock Futures Point Higher as AI Developments and Earnings Support Market Recovery: Dow Jones, S&P, Nasdaq, Wall Street
   7. finance.yahoo.com — S&P 500, Nasdaq open higher as oil pulls back ahead of Fed ...
   8. www.kitco.com — S&P 500, Nasdaq advance as oil eases ahead of Fed decision
   9. www.businesstimes.com.sg — Meta rolls out consumer AI agent in Singapore amid global safety, retail pushback
   10. malaysia.news.yahoo.com — S&P 500, Nasdaq open higher as oil pulls back ahead of Fed decision - Yahoo News Malaysia
   11. kfgo.com — S&P 500, Nasdaq open higher as oil pulls back ahead of Fed ...
   12. economictimes.indiatimes.com — US stocks today: S&P 500, Nasdaq open higher as oil pulls ...
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