U.S. stock futures pointed higher on Tuesday as traders awaited the release of the all-important inflation print and the start of the Fed’s rates meeting.
By 05:14 ET (09:14 GMT), the S&P 500 futures contract added 12 points or 0.28%, Dow futures gained 13 points or 0.04%, and Nasdaq 100 futures moved up by 87 points or 0.59%.
Stocks surged in the previous session, fueled by an ongoing rush into tech shares with links to artificial intelligence. The benchmark S&P 500 soared to its highest close in more than a year, while the tech-heavy Nasdaq Composite rose by 1.53% and the Dow Jones Industrial Average climbed by 0.56%.
Although not quite at the record highs seen at the beginning of 2022, the main indices have been supported by a spike in interest in AI that has sparked a rally in the semiconductor and software sectors.
