U.S. stock index futures remain steady after Wall Street hit record closing highs. Investors await Federal Reserve Chair Jerome Powell’s remarks on the economy, as officials debate interest rate cuts to balance inflation and labor market pressures. Tech stocks and AI trading optimism drive market resilience in historically weak September.

Newly appointed Fed Governor Stephen Miran warns of over-tightening, highlighting the Fed’s challenge in managing inflation and labor market pressures. Analysts express concerns about stretched stock valuations, despite the market rally in September. Powell’s comments could provide clarity on future interest rate cuts.

S&P Global’s flash manufacturing PMI and comments from Fed officials Michelle Bowman and Raphael Bostic will be closely watched. Dow e-minis up 0.15%, S&P 500 E-minis mostly unchanged, Nasdaq 100 E-minis up 0.03%. Nvidia slips in premarket trading after record high, agrees to invest in OpenAI for data center chips.

Investors monitor potential disruptions from H-1B visa regulations for U.S. tech companies as mega-cap stocks largely shrug off worries. Kenvue, maker of Tylenol, rebounds nearly 6% premarket after 7.5% plunge on Monday. Stock market resilience driven by tech strength and AI trading optimism in uncertain September.

Read more at Yahoo Finance: Wall Street futures hold steady after tech-fueled rally; Powell in focus