FX.co ★ US Futures Waver

U.S. stock futures hovered near unchanged levels on Tuesday, following a strong showing in the previous session. Investors are on edge as they anticipate the release of significant economic data scheduled for today. This data set includes the delayed second estimate of GDP growth, figures on durable goods orders, and consumer confidence metrics, all of which are expected to shed light on the current state of the U.S. economy. Currently, the market is factoring in the likelihood of at least two Federal Reserve interest rate cuts by 2026. In premarket activity, major technology stocks displayed varied movements; Microsoft edged up 0.2% and Tesla increased by 0.3%, whereas Nvidia declined by 0.5% and Broadcom decreased by 0.4%. Apple, Amazon, Meta, and Alphabet traded close to unchanged. In other developments, Eli Lilly saw its shares drop nearly 1% in premarket trade following the U.S. Food and Drug Administration's approval of Novo Nordisk’s weight-loss medication.