Traders work at the New York Stock Exchange on May 7, 2026. New York Stock Exchange stock futures were little changed early Tuesday following a winning session on Wall Street, with traders expecting a slew of corporate profits as the Federal Reserve prepares to begin its two-day policy meeting. S&P 500 futures rose slightly, while Dow Jones Industrial Average futures gained 123 points, or about 0.2%. Nasdaq-100 futures rose 0.1%. In Asia, Japan’s Nikkei 225 rose 1.7% while the Topix gained 0.4%. South Korea’s Kospi rose 3.8% and the small-cap, technology-focused Kosdaq gained 2.9%. The Australian benchmark S&P/ASX 200 index fell 0.32%. Wall Street started the week on a strong note. The Dow Jones rose 146.42 points, or 0.3%. The S&P 500 gained 0.7%, while the Nasdaq Composite gained 0.8% as technology stocks outperformed. AI trading got a boost after Anthropic filed to go public on the Nasdaq. This would mark another major tech IPO for 2026, following SpaceX’s successful IPO in June. Tesla shares advanced more than 5%, while Nvidia rose 2%. Microsoft and Amazon also rose that day. Those gains come as the artificial intelligence sector has faced pressure from investors concerned that companies in the sector are borrowing too much money to finance their AI developments. On Tuesday, traders will pore over a deluge of third-quarter earnings reports. Coca-Cola, Robinhood and Boeing are among the companies that will publish results. Tech giants Microsoft, Alphabet and Amazon are due out at the end of the week. The Federal Reserve is also set to begin its final monetary policy meeting. While the central bank is expected to keep rates unchanged, traders will be looking for clues as to whether another rate hike will occur before the end of the year. “If, as expected, there is no change in rates, it will remain interesting to see what the vote is after the swings in the last two meetings,” wrote Thomas Block, policy strategist at Fundstrat in Washington. “While the Federal Reserve views itself as above partisan politics, it would be unlikely for the Reserve to change rates a week before a national election.” On the economic front, traders will be keeping an eye on durable goods orders, consumer confidence data and the new home sales report.
