US stock index futures remained largely unchanged on Tuesday night, with investors maintaining a cautious stance ahead of the Federal Reserve’s interest rate decision. Futures inched 0.1% higher, while Nasdaq 100 Futures gained 0.3%, indicating a mixed outlook. The S&P 500 closed at a record high, driven by strong performance in technology shares. This rally contrasts with the Dow Jones Industrial Average, which slipped 0.8% due to losses in healthcare and insurance stocks, following a less-than-favorable Medicare Advantage payment plan.

Investors are eagerly anticipating the Fed’s policy meeting, which began on Tuesday. The central bank is expected to keep interest rates unchanged, reflecting a delicate balance between easing inflation and maintaining economic growth. Federal Reserve Chair Jerome Powell’s comments will be crucial, as they may provide insights into the duration of current rates and potential future cuts. Additionally, the upcoming appointment of a new Fed Chair by President Trump adds another layer of uncertainty.

Earnings reports from major technology companies are also in focus this week. Microsoft, Tesla, and Meta are set to release their results on Wednesday, followed by Apple on Thursday. These companies, often referred to as the “Magnificent Seven,” carry significant weight in major indexes. Their outlooks on artificial intelligence spending, cloud demand, and consumer trends are expected to influence market direction in the coming days. Investors will be closely watching these reports for indications of future market performance and economic health.