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S&P 500, Nasdaq futures tick up ahead of Fed meeting, AI conference


1 week ago 23
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(Reuters) - Futures tracking the S&P 500 and the Nasdaq rose on Monday ahead of the Federal Reserve's meeting this week, where it is expected to keep borrowing costs steady and provide cues on its monetary policy path this year.

Stronger-than-expected inflation figures last week have prompted investors to rethink when and by how much policymakers will lower rates this year, with traders pulling back bets of a June rate cut to 57% from 71% last Monday, according to the CME FedWatch Tool.

Nevertheless, led by optimism around artificial intelligence (AI), Wall Street hit fresh all-time highs in March, before pulling back some gains last week.

A hawkish tilt by the Fed in its policy meeting that concludes on Wednesday could further pressure the high-flying shares.

"While the recent pullback in tech stocks may follow fears that the market has run too far and portfolios are too concentrated, we believe investors can find compelling diversification opportun...

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