Futures for the S&P 500 and Nasdaq 100 are up this morning, driven by tech and AI momentum. Wall Street indexes hit record highs, with Nvidia and Microsoft gaining after positive Q3 results. The Federal Reserve is expected to cut interest rates, and earnings reports from tech giants like Microsoft and Alphabet are anticipated. In the bond market, the 10-year Treasury yield is up. In Europe, stocks are rising, with mining and automobile sectors leading. In Asia, China’s Shanghai Composite and Japan’s Nikkei 225 closed higher on U.S.-China trade deal hopes and AI optimism, respectively. Spain’s GDP data showed moderate growth. Pre-market movers include Nvidia, with a +3% gain. Today’s earnings spotlight features a wide range of companies, including Microsoft, Alphabet, Meta Platforms, Caterpillar, and Verizon. Economic data on pending home sales and U.S. crude oil inventories is due. The U.S. government shutdown continues, impacting economic data releases.

In summary, markets are gearing up for the Fed’s rate decision, key earnings reports, and economic data releases amidst ongoing trade deal hopes and AI optimism.

Read more at Barchart: Stock Index Futures Gain on Nvidia Boost Ahead of Fed Rate Decision and Big Tech Earnings