In This Article:
Stock futures (ES=F, NQ=F, YM=F) move into negative territory on Tuesday as more investors cycle out of US equities.
Federal Reserve officials are convening in Washington, D.C., today for their March FOMC meeting, which will conclude with a decision on interest rates on Wednesday, followed by a press conference with Chair Jerome Powell.
Nvidia (NVDA) CEO Jensen Huang will deliver his keynote speech today at the chip giant's 2025 GTC (GPU Technology Conference) event in San Jose, California.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
let's get to the three things that you need to know today.
First up, US stock futures fluctuating this morning after stocks closed out two days of back-to-back gains following the S&P's drop into correction territory. This move comes as investors have turned bearish on US stocks with an investor survey from Bank of America showing the biggest ever drop in US stock allocation amid the growing trade war.
Plus, the other focus for investors here, the Federal Reserve, traders will look for any clues on the central bank's path forward for rates as monetary policy. Those setters meet in Washington for their two-day meeting. The central bank is widely expected to hold rate steady as they wait and see the inflationary impact of President Trump's policies.
And shares of Nvidia moving to the downside this morning. That's ahead of that highly anticipated keynote from CEO Jensen Huang at its GTC Tech conference. Top of mind for investors, updates on the company's Blackwell product line, as well as commentary on gross margins, China, competitors, and growth overall. The chip giant shareholders hoping that Huang can inject some much needed optimism and momentum into the stock which is down more than 10% this year.