U.S. stock futures were steady on Tuesday evening, following a positive after-hours earnings report from Micron Technology (MU). Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.09%, 0.04%, and 0.06%, respectively, at 6:35 p.m. EDT on September 23.
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During the regular session, the S&P 500 ended its three-day winning streak, closing in the red. The Nasdaq Composite, the S&P 500, and the Dow Jones closed down 1%, 0.6%, and 0.2%, respectively.
This decline was largely driven by a 2.8% fall in Nvidia (NVDA) stock. Also, traders may be engaging in profit-taking, as Federal Reserve Chair Jerome Powell acknowledged the market’s elevated valuations in a Tuesday press conference.
Looking ahead, the new home sales report for August is scheduled for release tomorrow. Also, San Francisco Fed President Mary Daly is expected to deliver a speech on Wednesday.
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