U.S. equities closed mixed Monday as tech stocks lagged while investors await the Federal Reserve’s rate decision this week.
U.S. stock futures traded mixed Tuesday after major indices ended Monday with modest gains, except for the Nasdaq, which fell 0.18% to 27,905. The Dow Jones Industrial Average rose 0.51% to 52,210, while the S&P 500 edged up 0.02% to 7,413. Chip and technology stocks led declines, offset by strength in software and cyclicals.
Treasury yields dipped as falling oil prices eased inflation concerns, and a pause in U.S.-Iran tensions reduced safe-haven demand. The 30-year bond yield settled at 5.13%. Markets now focus on the Fed’s upcoming meeting, where rates are expected to remain unchanged.
Analysts issued research calls on companies including Boston Scientific, CrowdStrike, and Exxon Mobil, reflecting sector-specific sentiment ahead of the Fed’s announcement.