Traders at work at the New York Stock Exchange on May 7, 2026.
new york stock exchange
Stock futures rose on Tuesday as enthusiasm surrounding the semiconductor maker kept traders focused on the stock for another day. Traders also monitored the drop in oil prices and analyzed a slew of corporate earnings as the US Federal Reserve began its two-day policy meeting.
S&P500 futures rose 0.3%, but Dow Jones Industrial Average Futures It rose by 132 points (0.3%). Nasdaq 100 futures It increased by 0.5%.
shares of broadcom It rose more than 2% after the banking union. bank of america, city and morgan stanley – and black stone Announces $63 billion in financing for purchase of Broadcom technology for Anthropic. Other chip makers have also jumped on board. micron technology Although it increased by more than 2%, advanced micro device and Nvidia They increased by about 2% and 1%, respectively.
The recent moves in these stocks added to gains from the previous trading day, when major averages posted wins, thanks in part to gains in artificial intelligence stocks after Anthropic filed to list on the Nasdaq. This will be the next big tech IPO in 2026, following SpaceX’s blockbuster listing in June.
A drop in oil prices also supported Tuesday’s momentum, as investors were hopeful that regional conflicts would subside. us West Texas Intermediate Futures It fell nearly 1% to about $101 per barrel, but the global benchmark brent crude oil futures It fell about 1% to about $114 per barrel.
meanwhile, UPS Shares rose more than 1% after the delivery giant reported better-than-expected third-quarter results. jet blue Shares rose more than 11% as the airline said it expected further margin expansion in the fourth quarter, even though it posted a bigger-than-expected loss in the third quarter. vice versa, swirl It fell 7% after posting an unexpected quarterly loss.
The Federal Reserve is scheduled to begin its latest monetary policy meeting on Tuesday. The central bank is expected to keep interest rates on hold, but traders are looking for clues as to whether there will be another hike before the end of the year.
“If there is no change in interest rates as expected, it will still be interesting to see how the vote turns out after the changes in the last two meetings,” said Thomas Block, Washington policy strategist at Fundstrat. “While the Fed believes it is above partisan politics, it is unlikely to change interest rates a week before a national election.”
On the economic front, traders will focus on durable orders, consumer confidence data and new home sales reports.
Pan-Europe across the Atlantic Stocks 600 It was down 0.35% on Tuesday morning. uk FTSE100 France led the losses, falling 0.99%. CAC40 0.27% reduction, Germany’s dachshund It fell by 0.10%.
In Asia, Japan’s Nikkei Stock Average closed 1.73% higher, while the TOPIX rose 0.61%. Korean Kospi rose 3.09%, while the small-cap Kosdaq rose 2.29%. australian benchmark S&P/ASX 200 It increased by 0.46%. Mainland China’s CSI300 ended down 1.32%.
