Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City.
Michael M. Santiago | Getty Images
Stock futures were down slightly Tuesday as traders assessed some disappointing retail results and looked ahead to the release of the Federal Reserve meeting minutes.
Futures tied to the Dow Jones Industrial Average were down 62 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures dipped 0.2% and 0.3%, respectively.
The minutes from the Fed’s Oct. 31-Nov.1 meeting are slated for release at 2 p.m. ET.
Traders are hoping to glean some insight into policymakers’ rate decision and learn what it might take for them to change tack going forward. Fed funds futures pricing data suggests a nearly 100% probability that the Federal Open Market Committee will hold steady on rates at its upcoming December meeting.
Traders will also turn to earnings from Nvidia and HP. Nvidia shares hit an all-time high on Monday.
Wall Street is coming off a strong session, with the S&P 500 and Nasdaq posting their fifth straight day of gains. Tech shares outperformed, leading the major averages higher.