US equity futures are trading cautiously ahead of the start of Tuesday’s session on Wall Street.
The main forward indices suggest a drop of 0.4%.
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The price of gold jumped from a new intraday high of $ 1,974.70 an ounce on Tuesday before falling. Gold retreats, down $ 2.00 to $ 1,929.00
Gold generally tends to rise when concerns about the economy are high.
Much attention will be focused on a two-day meeting for the Federal Reserve that begins on Tuesday, as hopes of further help for the U.S. economy rise as Congress debates another stimulus package.
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Investors are waiting to hear what the US central bank says this week about the outlook for the economy and what it plans to do about interest rates.
Tuesday’s earnings calendar includes five members of the Dow. 3M, Pfizer, Raytheon and McDonald’s in the morning and Visa in the afternoon.
Investors will also receive the latest information on home prices with the S&P CoreLogic Case-Shiller report for May.
In Europe, the London FTSE gained 0.3%, the German DAX by 0.2% and the CAC of France was 0.1%.
In Asian markets, Tokyo’s Nikkei slipped 0.3%, Hong Kong’s Hang Seng fell 0.7% and China’s Shanghai Composite fell 0.7%.
|I: DJI||MEDIUM DOW JONES||26584,77||+114,88||+ 0,43%|
|SP500||S&P 500||3239,41||+23,78||+ 0,74%|
|I: COMP||INDEX COMPOSITE NASDAQ||10536.267111||+173,09||+ 1,67%|
In Monday’s session, the S&P 500 climbed 0.7%. The Dow Jones Industrial Average rose 0.4% and buying tech stocks helped push the Nasdaq composite up 1.7%.
Benchmark US crude was little changed at $ 41.51 per barrel in e-commerce on the New York Mercantile Exchange. It gained 31 cents to settle at $ 41.60 a barrel on Monday.
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Brent, the international standard, added 9 cents to $ 43.50 a barrel.
The Associated Press contributed to this article.