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Wall Street Pauses as Fed Meeting Looms: Futures Hold Steady

U.S. stock futures were little changed on Tuesday as investors awaited the start of the Federal Reserve’s final policy meeting of the year. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all hovered near flat, reflecting a cautious mood across Wall Street. The Fed is widely expected to keep interest rates unchanged, but traders are focused on Chair Jerome Powell’s comments and the central bank’s updated economic projections. Markets are looking for clues on when rate cuts might begin in 2024, with inflation cooling but still above the Fed’s long-term target. Recent gains in equities have been fueled by optimism that the Fed’s tightening cycle is over, yet uncertainty remains about how quickly monetary policy will shift toward easing. Until then, investors appear content to hold their positions, waiting for clearer signals from the Fed before making bold moves.
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Market Surge as U.S. Court Blocks Trump’s Tariffs

Wall Street saw a significant boost in premarket trading after a federal court ruled against former President Donald Trump’s sweeping tariffs. The U.S. Court of International Trade determined that Trump had exceeded his authority in imposing broad import duties, leading to an immediate invalidation of most of the tariffs.

The ruling sparked optimism among investors, with futures for the **Dow Jones Industrial Average rising 0.49%**, the S&P 500 climbing 1.09%, and the Nasdaq 100 surging 1.62%. Tech stocks, particularly AI chipmakers, benefited from the decision, with Nvidia jumping over 6% following strong quarterly earnings.

While the court’s decision is expected to ease trade tensions and bolster market confidence, the White House has already signaled plans to appeal, leaving some uncertainty about the long-term impact. Analysts suggest that if the ruling holds, it could significantly reshape U.S. trade policy and strengthen global economic stability.

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