U.S. stock futures were fluctuating on Tuesday following Monday’s record advances. Futures of major benchmark indices were mixed.
Fueled by expectations that the AI trade and future Federal Reserve interest-rate cuts will continue to power the market, stocks surged on Monday to secure a third consecutive record-high close.
Investors are eyeing the central bank’s chair, Jerome Powell, who is scheduled to deliver a speech on monetary policy later Tuesday.
Meanwhile, the 10-year Treasury bond yielded 4.13% and the two-year bond was at 3.59%. The CME Group's FedWatch tool’s projections show markets pricing a 91.9% likelihood of the Federal Reserve cutting the current interest rates in its October meeting.
