S&P 500 futures are little changed after Senate confirms Trump’s pick to Federal Reserve Board: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on September 15, 2025.
Timothy A. Clary | Afp | Getty Images
S&P 500 futures were flat Monday night after the Senate confirmed President Donald Trump’s pick to join the Federal Reserve, Stephen Miran, just one day before the central bank meets to consider whether to cut interest rates.
Futures tied to the broad index and Nasdaq 100 futures each ticked down 0.07%. Dow Jones Industrial Average futures slid 40 points, or 0.09%.
Monday night’s action follows a winning day on Wall Street. Both the S&P 500 and Nasdaq Composite notched all-time closing highs, with the former notably finishing above 6,600 for the first time.
Investors appeared pleased with President Donald Trump’s positive description of trade talks with China. Several big technology stocks provided upside for the market, led by jumps of more than 4% and 3% in Alphabet and Tesla, respectively.
“Thus far, generally everything’s gone right,” said Michael Kantrowitz, chief investment strategist at Piper Sandler, on CNBC’s “Power Lunch.” “Many fears have gone away, and … for the first time in about three years, you’re seeing a broad improvement in earnings expectations.”
Investors are gearing up for the Federal Reserve’s interest rate decision expected Wednesday afternoon. Fed funds futures pricing in a 100% likelihood of at least a quarter-point rate cut, per CME’s FedWatch tool. Yet traders will still closely monitor Fed Chair Jerome Powell’s subsequent press conference for any clues on the future of monetary policy.
Before that, investors will monitor economic data on retail sales, import prices, the housing market and business inventories due Tuesday. There are no major earnings reports expected on Tuesday.
