(Reuters) – U.S. stock index futures edged lower on Tuesday, set for a muted session as investors looked ahead to crucial inflation data and a policy announcement from the Federal Reserve on Wednesday.
The S&P 500 and the Nasdaq posted record closing highs on Monday in a choppy session, boosted by shares of Nvidia after its 10-for-one stock split.
Nvidia was flat in premarket trading, while shares of Apple lost 0.7% after investors were unimpressed by the long-awaited AI strategy presented at its developer conference on Monday.
Markets are readying for Wednesday’s release of the Consumer Price Index report for May, along with the conclusion of the Fed’s two-day policy meeting. The central bank is not expected to change rates, but will release its updated economic projections and “dot plot”.
The CPI numbers and the Fed’s projections will be closely scrutinized by investors as recent…
