US Fed Meeting LIVE Updates: S&P 500 futures rise as investors await Fed rate decision; Nvidia climbs
Published on 29/10/2025 06:01 PM
Technology stocks kept driving global equities higher as hopes for a breakthrough by Nvidia Corp. in China reinforced optimism about artificial intelligence ahead of a likely Federal Reserve interest-rate cut.
The S&P 500 looked set to extend its record rally, with futures up 0.3%. Nvidia Corp. rose more than 3% premarket, setting the AI powerhouse on course to become the first public company worth $5 trillion. US President Donald Trump raised expectations of a deal allowing Nvidia to export a version of its Blackwell processor to China.
Major brokerages anticipate that the Fed will deliver 25-basis point cuts at each of its two remaining meetings this year, following the widely expected reduction in September, according to Reuters.Market participants widely expect another 25-basis-point rate cut this week as the Powell-led Fed continues to balance inflation control with growth support.The meeting and Powell’s press conference will be broadcast live on the Federal Reserve’s official website (federalreserve.gov) and its YouTube channel (@federalreserve/streams).
US stock futures were mixed on Wednesday after the major averages hit fresh records ahead of the Federal Reserve’s interest rate decision. S&P 500 futures gained 0.2%, while the Nasdaq 100 futures rose 0.3%. Dow Jones Industrial Average futures fell by 107 points, or 0.2%.
Nvidia shares were up more than 3% in the premarket, putting the chipmaker on pace to reach a market capitalization of $5 trillion. It would be the first time a US company would reach such a valuation.
Shares of Nvidia rose more than 3% in premarket on Wednesday, putting the tech giant on track to become the first company to cross the $5 trillion market value threshold.
The extraordinary milestone would reflect a remarkable rise for the company, which has evolved from a niche video game processor to an integral player in the artificial intelligence boom.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.