FX.co ★ US Futures Rise, Tesla Soars

U.S. stock futures experienced a modest rise on Monday, with contracts on the three leading indexes increasing approximately 0.2%. This uptick comes on the heels of last week’s robust performance, as market participants anticipate the Federal Reserve's upcoming policy decision. Investors have already factored in a 25 basis points reduction in the federal funds rate, while keeping a slight possibility open for a more significant 50 basis points adjustment. There is a broad consensus that rate cuts will continue throughout the remainder of the year. On the corporate landscape, Tesla shares soared nearly 7% in pre-market trading, following news that Elon Musk acquired about $1 billion worth of the electric vehicle manufacturer’s stock last week. Conversely, Nvidia saw a decline of approximately 1.6% after it was disclosed that Chinese regulators had accused the company of breaching anti-monopoly regulations.