Stock futures rose on Tuesday as enthusiasm surrounding chipmakers led traders to move into the names for another day. Traders also monitored a slide in oil prices and parsed through a slew of corporate earnings as the Federal Reserve began its two-day policy meeting. S&P 500 futures were up 0.3%, while Dow Jones Industrial Average futures climbed 132 points, or 0.3%. Nasdaq-100 futures gained 0.5%. Shares of Broadcom climbed more than 2% on the heels of a coalition of banks—namely, Bank of America, Citi, and Morgan Stanley—and Blackstone announcing $63 billion in financing for the purchase of Broadcom’s technology for Anthropic. Other chipmakers rose in sympathy. Micron Technology was up more than 2%, while Advanced Micro Devices and Nvidia advanced nearly 2% and around 1%, respectively. The latest moves in those stocks add to their gains from the prior trading day, which saw the major averages record a winning session, thanks in part to a boost in artificial intelligence-related stocks after Anthropic filed to go public at the Nasdaq. This would mark another major tech IPO for 2026, following SpaceX’s blockbuster listing in June. A decline in oil prices also supported sentiment Tuesday, as investors were hopeful for a de-escalation in the regional conflict. U.S. West Texas Intermediate futures shed nearly 1% to around $101 per barrel, while global benchmark Brent crude futures shed about 1% to roughly $114 a barrel. Meanwhile, UPS shares added more than 1% after the delivery giant reported better-than-expected results for the third quarter. JetBlue jumped more than 11% despite the airline posting a larger-than-expected third-quarter loss, as the company said it expects to see further margin expansion in the fourth quarter. On the flip side, Whirlpool shed 7% after posting a surprise quarterly loss. The Fed is set to kick off its latest monetary policy meeting Tuesday. While the central bank is expected to keep rates unchanged, traders will look for clues on whether another rate hike will take place before year-end. “If, as expected, there is no change in rates, it will still be interesting to see what the vote is after the swings in the last two meetings,” wrote Thomas Block, Washington policy strategist at Fundstrat. “While the Fed views itself above partisan politics, it would be unlikely that the Fed would move rates a week before a national election.” On the economic front, traders will be watching for durable orders, consumer confidence data, and the new home sales report. U.S. Treasury yields were relatively unchanged on Tuesday as the Federal Reserve’s two-day monetary policy meeting kicked off and investors digested a spate of economic data releases. The benchmark 10-year Treasury yield rose less than 1 basis point to 4.988%, while the 30-year Treasury bond was lower by less than 1 basis point at 5.296%. The 2-year Treasury note yield was up more than 1 basis point at 4.726%. In Asia, Japan’s Nikkei 225 closed 1.73% higher, while the Topix rose 0.61%. South Korea’s Kospi gained 3.09%, while the small-cap Kosdaq rose 2.29%. Australia’s benchmark S&P/ASX 200 gained 0.46%. Mainland China’s CSI 300 closed 1.32% lower. Oil prices ticked lower Tuesday, driven by a diplomatic push to de-escalate tensions between Saudi Arabia and Iran. Brent crude futures, the international benchmark, were down 77 cents to $115.04 a barrel as of 8:55 a.m. ET. U.S. West Texas Intermediate futures were 70 cents lower to $101.06 a barrel. Gold prices fell on Tuesday as the dollar strengthened, while investors looked ahead to the Federal Reserve’s policy decision for signals on the interest-rate outlook, with markets expecting the central bank to leave rates unchanged this week. Spot gold dropped 0.5% to $3,995.89 per ounce. U.S. gold futures for December delivery fell 0.71% to $4,009.60 per ounce. The U.S. dollar rose 0.3% against a basket of major currencies, hitting a near two-week high and making dollar-priced gold more expensive for holders of other currencies.
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