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Stock market today: US futures tilt higher after Dow closes above 40,000 for first time

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Federal Reserve,Nvidia,Christopher Waller

Investors are bracing for Fed minutes and Nvidia earnings in coming days that could test the recent rally in stocks.

US stocks tilted higher on Monday after the Dow closed above 40,000 for the first time, as copper prices surged and Nvidia earnings loomed on the horizon. S&P 500 futures rose 0.1%, while Dow Jones Industrial Average were broadly flat in the wake of the blue-chip benchmark's all-time high. Contracts on the tech-heavy Nasdaq 100 stepped up 0.2%.

Appearances on Monday from Christopher Waller, Philip Jefferson and other officials could shed light on the debate. But the first test comes on Wednesday, with the release of minutes from the Fed meeting in May, as Yahoo Finance's Josh Schafer reports. Read more: How does the labor market affect inflation? The market is also bracing for heavily anticipated quarterly results from Nvidia on Wednesday, eyed as a key catalyst for the rally in stocks.

 

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