OpenAI strikes new deal with Microsoft
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Stock futures were little changed Tuesday, a day after major indexes set fresh intraday and closing records for a second straight session, as a highly anticipated Federal Reserve meeting was set to begin.
U.S. stock futures climbed on Sunday evening, continuing last weeks rally as optimism grew over a potential Federal Reserve rate cut and signs of progress in U.S.-China trade talks. SP 500 Futures advanced 0.
Yen intervention fears weigh on sentiment as US futures steady in Asia. Traders eye Fed rate cuts, US-China talks, and earnings for market direction.
Stock futures pointed sharply higher Monday, led by chipmaker and tech shares, on optimism that the U.S. and China would strike a trade deal, with President Donald Trump and Chinese leader Xi Jinping set to meet later this week.
Live Updates Live Coverage Updates appear automatically as they are published. Updates will appear here as they are published. Markets are pushing aggressively higher again. At the moment, futures are exploding.
CEO Christophe Fouquet said that it was seeing “positive momentum” in investments into AI. A stream of agreements between AI firms and chipmakers have been unveiled in September and October, simultaneously adding to the euphoria around the nascent technology and sparking fears of a bubble reminiscent of the dotcom craze in the late 1990s.
Global stocks bounced on Monday, while safe-haven gold and bonds retreated, as signs of cooling trade tensions between China and the U. encouraged investors, marking a strong start to a week dominated by central bank meetings and megacap earnings.
Microsoft reports earnings on Wednesday, and analysts see the potential for further acceleration in its cloud business as well as major benefits from a Windows refresh cycle.