S&P 500 futures rose Tuesday after a record-setting session for the benchmark index, while traders awaited the beginning of the latest Federal Reserve meeting. Futures tied to the S&P 500 traded 0.2% higher, while Nasdaq-100 futures advanced 0.3%. Dow Jones Industrial Average futures slipped 8 points, hovering below the flatline. Oracle shares jumped nearly 5% after CBS News reported, citing sources, that the company is among a consortium of firms that would enable social media platform TikTok to keep operating in the U.S. The S&P 500 closed above 6,600 for the first time on Monday, while the Nasdaq Composite also raced to an all-time high. Investors appeared pleased with President Donald Trump’s positive description of trade talks with China. Several big technology stocks provided upside for the market, led by jumps of more than 4% and 3% in Alphabet and Tesla, respectively. “Thus far, generally everything’s gone right,” said Michael Kantrowitz, chief investment strategist at Piper Sandler, on CNBC’s “Power Lunch.” “Many fears have gone away, and … for the first time in about three years, you’re seeing a broad improvement in earnings expectations.” Traders are gearing up for the Fed’s interest rate meeting, set to begin Tuesday, with a decision expected Wednesday. Fed funds futures pricing in a 100% likelihood of at least a quarter-point rate cut, per CME’s FedWatch tool. Yet traders will still closely monitor Fed Chair Jerome Powell’s subsequent press conference for any clues on the future of monetary policy. The meeting comes after the Senate confirmed President Donald Trump’s pick to join the central bank, Stephen Miran. Treasury yields moved higher on Tuesday as investors digested strong retail sales data and looked to the Federal Reserve’s interest rate decision this week. The yield on the benchmark 10-year Treasury added 3 basis points at 4.064%. Last week, the 10-year briefly dipped to 4% after data showed the labor market was weaker than anticipated. The yield on the 2-year Treasury climbed 1 basis point to 3.545, while the 30-year Treasury bond yield added 3 basis points to 3.514%. Japan’s benchmark Nikkei 225 surpassed the 45,000 mark for the first time, leading gains in Asia-Pacific markets Monday, after President Donald Trump said that the U.S.-China trade negotiations in Spain were progressing well. The benchmark added 0.3% to close at 44,902.27. Japan’s Topix gained 0.25% to end the trading day at 3,168.36 after crossing an all-time high. South Korea’s Kospi continued to notch a fresh record for the second day, closing 1.24% higher at 3,449.62, after the government reversed its plan to hike capital gains tax on stocks on Monday. Meanwhile, the small-cap Kosdaq fell 0.85% to 851.84. Australia’s ASX/S&P 200 climbed 0.28% to 8,877.7. Hong Kong’s Hang Seng Index reversed course to decline 0.13%, and the mainland’s CSI 300 retreated 0.21% to 4,523.34. Oil prices edged higher on Tuesday as markets weighed potential supply disruption from Russia after Ukrainian drone attacks on its refineries and the prospect of a U.S. central bank interest rate cut. Brent crude futures rose 38 cents, or 0.56%, to $67.82 a barrel, while U.S. West Texas Intermediate crude was at $63.80, up 50 cents, or 0.79%. On Monday, Brent settled up 45 cents at $67.44 while WTI settled 61 cents higher at $63.30. Gold rose to a record-high on Tuesday, helped by a softer dollar ahead of the U.S. Federal Reserve’s policy meeting later in the day, where the monetary authority is widely expected to cut interest rates. Spot gold rose 0.5% to $3,696.02 per ounce. It hit a record high of $3,697.70 earlier in the session. U.S. gold futures for December delivery rose 0.4% to $3,733.80. The dollar fell to a more than two-month low against rivals. “The weaker dollar plays a role but it is all connected to the expectation that the Fed will cut rates this week,” UBS analyst Giovanni Staunovo said. Traders are pricing in a near-certain 25-basis-point rate cut at the end of the two-day meeting on September 17, with a small chance of a 50-bp reduction, per the CME FedWatch tool.