Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on September 15, 2025.
Timothy A. Clary | Afp | Getty Images
rose Tuesday after a record-setting session for the benchmark index, while traders awaited the beginning of the latest Federal Reserve meeting.
traded 0.2% higher, while Nasdaq-100 futures advanced 0.3%. Dow Jones Industrial Average futures slipped 8 points, hovering below the flatline.
Oracle shares jumped nearly 5% after CBS News reported, citing sources, that the company is among a consortium of firms that would enable social media platform TikTok to keep operating in the U.S.
The S&P 500 closed above 6,600 for the first time on Monday, while the Nasdaq Composite also raced to an all-time high.
Investors appeared pleased with President Donald Trump's positive description of trade talks with China. Several big technology stocks provided upside for the market, led by jumps of more than 4% and 3% in Alphabet and Tesla, respectively.
"Thus far, generally everything's gone right," said Michael Kantrowitz, chief investment strategist at Piper Sandler, on CNBC's "Power Lunch." "Many fears have gone away, and ... for the first time in about three years, you're seeing a broad improvement in earnings expectations."
Traders are gearing up for the Fed's interest rate meeting, set to begin Tuesday, with a decision expected Wednesday. Fed funds futures pricing in a 100% likelihood of at least a quarter-point rate cut, per CME's FedWatch tool. Yet traders will still closely monitor Fed Chair Jerome Powell's subsequent press conference for any clues on the future of monetary policy.
The meeting comes after the Senate confirmed PresidentDonald Trump'spick to join thecentral bank,Stephen Miran.
Investors will also monitor economic data on retail sales, import prices, the housing market and business inventories due Tuesday.
Market nervous about 'sell-the-news' event post Fed, says Vital Knowledge
Vital Knowledge's Adam Crisafulli noted that while traders are mostly bullish, "people are nervous about the Fed decision triggering a quick 'sell the news' response."
"This is our concern too, althoughthe most 'painful' outcome will be a dovish surprise that catalyzes an aggressive pro-value/cyclical, anti-tech/momentum rotation," he said.
— Fred Imbert
S&P 500 sets fresh closing record above 6,600
The ended above 6,600 for the first time in history on Monday.
S&P 500, 1 -day
Seagate Technology led the index higher with a jump of more than 7%. Albemarle followed, rising more than 6%.
The communication services sector also helped propel the benchmark up, with the group gaining more than 2% in the session.
— Alex Harring
See the stocks moving after hours
These are some of the stocks moving after the closing bell on Monday:
- — Shares fell 14% as the entertainment company reported $557.4 million in revenue for the second quarter, slightly below analysts' consensus expectation for $562.8 million, per FactSet.Dave & Busters also posted 40 cents, excluding items, missing Wall Street's forecast for 91 cents.
- Rocket Lab — Shares fell roughly 4% after the aerospace manufacturer announced it had entered into a stock purchase agreement worth up to $750 million.
- Oscar Health — The health insurance stock dropped 6% lower after the company announced a $350 million private offering of senior convertible notes. The company is aiming to use the sales' proceeds to advance its artificial intelligence initiatives and lower its customers' care costs, among other things.
— Liz Napolitano
Stock futures are little changed
Futures tied to the Dow, S&P 500 and Nasdaq 100 were all near flat shortly after 6 p.m. ET.
— Alex Harring
