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Barchart
Barchart
Oleksandr Pylypenko

Stocks Set to Open Higher as Investors Await Fed Meeting and U.S. Economic Data

September S&P 500 E-Mini futures (ESU25) are up +0.19%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.08% this morning, pointing to a slightly higher open on Wall Street amid optimism ahead of a widely expected interest rate cut from the Federal Reserve later this week.

Futures on the Nasdaq 100 underperformed as Nvidia (NVDA) fell over -2% in pre-market trading after China’s market regulator said in a preliminary probe that the chipmaker had violated the country’s anti-monopoly laws. Also, Texas Instruments (TXN) and Analog Devices (ADI) slid about -3% in pre-market trading after China over the weekend launched an anti-dumping investigation into some U.S.-made analog chips, including those produced by the two companies.

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