Market News

U.S. stock futures showed little movement as investors braced for the Federal Reserve's anticipated interest rate cut, marking its first reduction in nine months. Alphabet reached a significant milestone, becoming the fourth company to achieve a $3 trillion market cap, while Tesla shares gained after Elon Musk made a rare $1 billion stock purchase. In the tech sector, Google’s Gemini is gaining traction, intensifying competition with ChatGPT. Meanwhile, foreign investment in U.S. assets remains strong, despite increased competition from markets in Europe and Asia.