Wall Street futures hold steady after tech-fueled rally; Powell in focus

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expectations at a time when traders are weighing conflicting signals from the Fed, with some officials arguing for measured cuts going forward to keep inflation in check.Newly appointed Fed Governor Stephen Miran, however, said on Monday that the central bank risks over-tightening and harming the labor market if it holds back, highlighting the tightrope the Fed faces in balancing inflation against labor market pressures."We don't really just have a clean recovery path from the inflation highs of 2022, because we've gotten the shock of tariffs that are basically occurring right when you would have expected to be getting closer to that 2% target," said Michael Reynolds, vice president, investment strategy at Glenmede."Right now, it seems like it's the labor market that has the greater risk."A September reading of S&P Global's flash manufacturing PMI is due after markets open. Comments from Fed Governor Michelle Bowman and Atlanta Fed President Raphael Bostic will also be parsed.At 5.41 a.m. ET, Dow e-minis were up 71 points, or 0.15%, U.S. S&P 500 E-minis were mostly unchanged and Nasdaq 100 E-minis were up 7 points, or 0.03%.Wall Street has rallied so far in September, a historically weak month for equities, with the S&P 500 index recording a 3.6% lift as tenacious traders navigate uncertainties around President Donald Trump's policies.Part of the resilience can be traced to strength in technology stocks and renewed optimism around artificial intelligence-linked trading. Some analysts have, however, raised concerns of stretched stock valuations.Nvidia slipped 0.7% in premarket trading on Tuesday after hitting an intraday record high in the previous session. The AI chip leader agreed to a tie-up with OpenAI to invest up to $100 billion in and supply it with data center chips.Investors will also be watching for potential disruptions from H-1B visa regulations, particularly in U.S. technology companies that rely heavily on skilled workers from India and China. So far, mega-cap stocks have largely shrugged off those worries.Kenvue, the maker of Tylenol that was spun off from Johnson & Johnson in 2023, rose nearly 6% premarket, rebounding from a 7.5% plunge that made it the top laggard on the S&P 500 index on Monday.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,751.00 -1.50 (-0.02%)Dow Futures46,771.00 +47.00 (+0.10%)Nasdaq Futures25,009.25 +6.25 (+0.02%)Russell 2000 Futures2,482.40 +0.50 (+0.02%)VIX16.02 -0.08 (-0.50%)Gold3,820.20 +45.10 (+1.19%)PortfolioSign in to access your portfolioSign inTop gainersMTSR Metsera, Inc. 53.58 +20.26 (+60.80%)DGNX Diginex Limited 17.75 +4.15 (+30.51%)QMMM QMMM Holdings Limited 105.90 +23.06 (+27.84%)GGAL Grupo Financiero Galicia S.A. 32.03 +5.58 (+21.10%)BBAR Banco BBVA Argentina S.A. 9.85 +1.66 (+20.27%)Top losersCOMP Compass, Inc. 7.92 -1.48 (-15.74%)QUBT Quantum Computing Inc. 20.21 -3.06 (-13.15%)OPEN Opendoor Technologies Inc. 8.38 -1.19 (-12.43%)PTRN Pattern Group Inc. 14.00 -1.63 (-10.43%)BMNR Bitmine Immersion Technologies, Inc. 55.10 -6.19 (-10.10%)Most activeNVDA NVIDIA Corporation 183.61 +7.01 (+3.97%)OPEN Opendoor Technologies Inc. 8.38 -1.19 (-12.43%)SNAP Snap Inc. 8.53 +0.37 (+4.53%)PLUG Plug Power Inc. 2.6500 +0.4700 (+21.56%)BBAI BigBear.ai Holdings, Inc. 7.08 +0.23 (+3.36%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBETR Better Home & Finance Holding Company 49.98 +15.89 (+46.61%)PLUG Plug Power Inc. 2.6500 +0.4700 (+21.56%)RIVN Rivian Automotive, Inc. 15.24 +0.86 (+5.98%)APLD Applied Digital Corporation 24.45 +3.97 (+19.38%)NVDA NVIDIA Corporation 183.61 +7.01 (+3.97%)Top economic events