(Reuters) - U.S. stock index futures inched higher on Tuesday ahead of a Federal Reserve monetary policy meeting and as investors awaited grocery delivery app Instacart’s Nasdaq debut to assess a potential recovery in the IPO market.
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023.
Arm Holdings last week had a stellar market debut, raising hopes of a bounce back in the initial public offering (IPO) market.
Investors will closely monitor the Fed’s quarterly report on economic projections to gauge participating members’ longer-term policy outlook.
While most of the key data releases on inflation are out, investors will keep an eye on U.S. housing data for August, due at 8:30 a.m.
Persons:
Brendan McDermid, ”, Matthew Morgan, Alyssa Henry
Organizations:
Reuters, Federal, Nasdaq, New York Stock Exchange, REUTERS, Inc, Arm Holdings, Fed, Jupiter Asset, Traders, Dow e, Block, CVS Health Corp, ISI, Intel
Locations:
New York City, U.S, “