Dow Jones Today: Stock Futures Little Changed After Indexes Set Latest Record Highs; Fed Chair Powell Set to Give First Comments Since Rate Cut

U.S. stock futures were little changed early Tuesday, a day after the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all recorded intraday and closing highs for a third consecutive session. Futures associated with the S&P 500 and Nasdaq futures were down about 0.1%, and Dow futures ticked higher by a similar percentage.

Market watchers are awaiting Federal Reserve Chair Jerome Powell’s first comments since the central bank last week cut interest rates for the first time this year. Powell is scheduled to speak at 12:35 p.m. ET at the Greater Providence Chamber of Commerce in Warwick, R.I.

Yesterday, the Nasdaq, S&P 500, and Dow closed up 0.7%, 0.4%, and 0.1%, respectively, aided by news that Nvidia (NVDA) and OpenAI were partnering on a buildout of data centers, and that the AI chipmaker would be investing up to $100 billion in the ChatGPT developer. Nvidia shares hit an all-time high and finished the session up 4%, although they were giving back some of their gains in premarket trading Tuesday.

Nvidia partner Micron Technology (MU) is slated to report its fiscal 2025 fourth-quarter results after the bell. Shares of the memory-chip maker have nearly doubled this year and were rising about 1% in premarket trading.

Boeing (BA) shares advanced nearly 3% before the bell after inking an $8 billion contract to make planes for Uzbekistan Airways. President Donald Trump called it “a GREAT Deal” in a post on his Truth Social network, noting that last month he had spoken with Uzbekistan’s president, Shavkat Mirziyoyev.

Gold futures rose 1% to set another record high of more than $3,800 an ounce. West Texas Intermediate futures, the U.S. crude oil benchmark, was up 1% at around $63 a barrel.

The 10-year Treasury yield, which affects borrowing costs on a variety of consumer and commercial loans, slipped to 4.13% from 4.15% at Monday’s close. Bitcoin was nearly 1% higher to trade around $113,000. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies and hit its lowest level since early 2022 last Wednesday, was little changed at 97.34.