FX.co ★ US Futures Cautious

U.S. stock futures were largely unchanged on Tuesday, as investors exhibited caution following a strong showing from the S&P 500 and Nasdaq during the prior session. Traders were hesitant to make significant moves as they awaited several crucial economic reports, including September's retail sales figures and the Producer Price Index (PPI), both postponed due to the government shutdown. This forthcoming data is anticipated to provide new insights into the U.S. economy's current health and could influence expectations regarding the Federal Reserve's future policy actions. Recent statements from Federal Reserve officials have bolstered the likelihood of an additional 25 basis point rate reduction in the coming month. Concurrently, investors were processing a slew of corporate developments. Nvidia's stock declined by 3.8% in premarket trading following revelations that Meta is negotiating to invest heavily in Google's AI chips. Similarly, AMD experienced a 5.9% drop. In contrast, Alphabet's shares increased by 4.2%, while Meta saw a rise of 1.3%. Notably, Kohl's saw a substantial surge of over 26% after the company upgraded its full-year comparable sales forecast.