U.S. stock futures edged higher on Tuesday, with the Nasdaq hitting fresh record highs as investors priced in stronger odds of a rate cut by the Federal Reserve next week while awaiting key economic data.
As of 6:15 a.m. ET, Dow futures were up 0.1%, S&P 500 futures gained 0.2%, and Nasdaq 100 futures climbed 0.3%. Weaker wage data reinforced expectations for at least a 25-basis-point cut, while speculation of a larger move has also gained traction.
Markets are closely watching Tuesday’s nonfarm payroll benchmark revisions and Thursday’s August CPI release, which could shape the Fed’s policy outlook.
On the corporate front, Oracle and GameStop are set to report earnings after the bell, while Apple gears up for its September 9 product launch event.
In energy markets, oil prices rebounded after OPEC+ confirmed only a modest supply increase for October, while U.S. sanctions on Russia remain in focus.
