Stock futures were little changed Tuesday, despite a bump in Nvidia shares after President Donald Trump approved H200 chip sales to China in a deal that gives the U.S. government a hefty cut. Futures tied to the Dow Jones Industrial Average traded around the flatline. S&P 500 futures and Nasdaq 100 futures were also flat. Nvidia ticked higher following a Truth Social post Monday evening that said the chipmaking giant could ship its H200 chips to “approved customers” in China and elsewhere under the condition that a quarter of the sales will be paid to the U.S. government. Trump wrote that Chinese President Xi Jinping “responded positively” to the deal. Nvidia Chief Executive Jensen Huang met with Trump last week, and the agreement marks a win for the tech giant after months of trade talks. In Monday’s trading session, tech stocks were the winner. Out of the 11 S&P 500 sectors, the tech sector was the only one that closed in the green, buoyed by gains in a slew of semiconductor names. Shares of Broadcom rose almost 3%, while Nvidia and Microsoft each added about 2%, on the back of a report from The Information that Microsoft is considering designing custom chips with Broadcom. Each of the three major U.S. stock indexes declined in the previous trading session, meanwhile, while the 10-year Treasury yield continued to climb as worries remain about the impact of persistent inflation. Traders this week are waiting for the Federal Reserve’s highly awaited interest rate decision on Wednesday, which will be the last of the year. Markets are betting that the Fed will lower its key overnight lending rate by another quarter percentage point as it did at its meetings in September and October. Fed funds futures suggest an 89% chance of a decrease, up from under 67% about a month ago, according to CME’s FedWatch tool. “While a rate cut feels almost certain at this point, the Fed’s economic projections and Chairman Powell’s commentary will play a big role in how markets react — not only this week, but it could possibly set the tone for the remainder of the month,” Bret Kenwell, U.S. investment analyst at eToro, said. “After the recent pullback in stocks and crypto, risk-on investors are hoping the Fed will grease the rails for a year-end rally rather than pour cold water on the recent rebound.” Softer-than-expected September core personal consumption expenditures price index data released Friday had given stocks a boost last week. The three major U.S. stock averages closed higher for the second week in a row. Kenwell noted that the Fed is balancing a confluence of factors heading into its decision: sticky inflation, a cloudy macroeconomic landscape, economic data delayed by the record U.S. government shutdown and expectations of a new chairman. “There are a lot of moving parts for the Fed in 2026. … That brings up the key question: Will the Fed be able to strike an accommodative tone if these factors persist into 2026, or will its dual mandate keep the doves in check?” he said. U.S. Treasury yields were little changed as investors anticipate jobs and employment data coming out later in the day. The 10-year Treasury yield was 1 basis point lower at 4.162%. The 30-year Treasury yield slid by more than 1 basis point to 4.798%, while the 2-year Treasury yield fell less than a basis point to 3.581%%. Asia-Pacific markets were mostly lower on Tuesday after losses on Wall Street, with investors holding back ahead of the U.S. Federal Reserve’s decision on Dec. 10 stateside. The Nikkei 225 was up 0.14% in a volatile trading session, closing at 50,655.1, while the broad-based Topix was flat, ending at 3,384.92. South Korea’s Kospi slipped 0.27% to 4,143.55, but the small-cap Kosdaq ended the day 0.38% higher at 931.35. Hong Kong’s Hang Seng index fell 1.29% to 25,434.23, leading losses in Asia, while mainland China’s CSI 300 index lost 0.51% and ended at 4,598.22. India’s Nifty 50 was down 0.25%, while the BSE Sensex was 0.27% lower. Australia’s S&P/ASX 200 declined 0.45% to 8,585.9 after the country’s central bank held its policy rate at 3.6% as expected. Oil prices edged down on Tuesday, extending losses from the 2% drop in the previous session, with markets keeping a close eye on peace talks to end Russia’s war in Ukraine and a looming decision on U.S. interest rates. Brent crude futures were down 8 cents, or 0.1%, to $62.41 a barrel at 0409 GMT. U.S. West Texas Intermediate crude was at $58.75, down 13 cents, or 0.2%. Both contracts fell by more than $1 a barrel on Monday after Iraq restored production at Lukoil’s West Qurna 2 oilfield, one of the world’s largest. Gold rose on Tuesday as investors positioned for the widely expected December Federal Reserve rate cut, even as attention shifted to whether policymakers will signal a slower easing path when their two-day meeting begins later in the day. Spot gold rose 0.47% to $4,208.39 per ounce. U.S. gold futures for February delivery rose 0.48% to $4,237.80 per ounce.