FX.co ★ US Stock Futures Inch Higher

US equity futures edged up slightly on Tuesday, offsetting the mild decline from the previous session. Positioned to conclude the year near their peak, markets are evaluating the prospects of strong economic growth and potential Federal Reserve rate cuts against concerns of inflated AI company valuations. The three major stock indices showed gains above the break-even point. Sparse holiday trading continued to limit catalysts for major Wall Street players, shifting focus to miners. Supply concerns and speculative investments drove copper and silver futures towards record levels, benefiting Freeport McMoRan during overnight trading. Meanwhile, tech giants paused their decline as investors reassessed expectations for AI returns and data center investments heading into next year, alleviating worries about a sector bubble. Upcoming minutes from the Federal Reserve's latest meeting will shed light on the differences within the FOMC regarding future rate decisions and how policymakers perceive risks in the overnight funding markets.