Live updates on today’s stock market fluctuations

Stock futures in the U.S. saw a slight dip on Tuesday morning, following a strong start to the week as investors prepare for key earnings reports from major companies, the Federal Reserve’s interest rate decision, and the upcoming jobs report. The market is also at risk of ending a six-month winning streak.

Dow Jones Industrial Average futures slipped by 60 points, representing a 0.16% decrease, while S&P 500 futures were down 0.2% and Nasdaq 100 futures showed a modest 0.15% increase.

Following a positive session on Wall Street, Tesla shares surged after the company achieved a significant milestone in the rollout of advanced driver-assistance technology in China. Apple also experienced gains after receiving a bullish stock upgrade. The S&P 500 rose by 0.32%, the Nasdaq Composite increased by 0.35%, and the Dow Jones Industrial Average climbed 146.43 points, or 0.38%.

However, stocks are on track for their first losing month since October due to decreased expectations of rate cuts compared to the beginning of the year. Analysts believe that persistent inflation and a strong economy may lead the Federal Reserve to keep interest rates higher for a longer period.

Market experts are closely watching the two-day policy meeting of the Fed, which is expected to maintain steady interest rates. Traders are particularly interested in Fed Chief Jerome Powell’s post-meeting comments, as recent inflation reports suggest a potential shift towards a more hawkish stance.

The week also includes a busy corporate earnings schedule, with Amazon and Apple reporting their quarterly results, along with companies like McDonald’s, Coca-Cola, and Eli Lilly releasing their financial updates. Additionally, the April jobs report is anticipated at the end of the week.