Stock market today: Dow, S&P 500, Nasdaq futures steady with Fed minutes on deck

US banal futures were mostly dependable overnight Monday arsenic Wall Street looked to regroup aft a tech-led descent to statesman the last agelong of 2025.

Futures tied to the Dow Jones Industrial Average futures (YM=F), the S&P 500 (ES=F), and the tech-heavy Nasdaq (NQ=F) each hovered astir the flatline.

The large Wall Street indexes fell modestly Monday, arsenic Nvidia (NVDA) and Tesla (TSLA) led megacaps little amid a tiny rotation retired of tech stocks. Traders are reassessing — and possibly taking profits earlier the extremity of the year.

Tuesday brings the merchandise of the minutes from the Federal Reserve's December meeting, astatine which it chopped involvement rates for a 3rd consecutive clip but signaled it whitethorn intermission those cuts successful the months ahead. The minutes volition service arsenic 1 of the last imaginable market-moving catalysts of 2025, with lone a speechmaking connected play archetypal jobless claims — connected Wednesday greeting — remaining connected the calendar earlier the caller year.

The cardinal bank's gathering readout could adhd caller penetration for investors looking for clues connected the Fed's adjacent determination successful January, with the divisions that person gripped the cardinal slope successful 2025 apt to proceed into the caller year. Around 84% of bets are connected the Fed lasting pat astatine existent involvement complaint levels adjacent month, though traders astir arsenic divided connected what the committee volition bash successful March.