Stock futures are little changed after S&P 500 hits fresh record: Live updates

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U.S. equity futures were little changed on Tuesday evening after the S&P 500 reached a fresh all-time intraday high and a record close in the trading session, driven by a tech stock rally.

Futures tied to the Dow Jones Industrial Average were up 0.07%, or 37 points. S&P 500 futures rose 0.09%, and Nasdaq-100 futures added 0.08%.

In trading on Tuesday, the S&P 500 gained 0.58%, marking its fourth positive session in a row and closing above a level of 7,800 for the first time ever. The Dow gained 0.49% and the Nasdaq Composite gained 0.45%.

Chipmakers were the big winners on Tuesday, with Marvell Technology gaining 5.8% on higher revenue guidance and Advanced Micro Devices climbing 2.8% after Citi hiked its price target, citing rising demand for central processing units.

In Asia, Japan's Nikkei 225 was set to rise at open on Wednesday, with its Chicago and Osaka futures contracts last at 71,015 and 70,070 respectively, compared with the index's previous close of 70,683.98. Futures for Hong Kong's Hang Seng index stood at 24,272, marginally lower than its last close of 24,280.56.

Bond yields took a break on Tuesday from the steady march upward they began at the end of February, coinciding with the start of the U.S.-Israel war on Iran.

The 10-year Treasury yield last traded at 5.286% after reaching its highest level since April 2002 on Monday. The 30-year Treasury yield was last hovering at 5.661%, and the 2-year slipped to 4.798%.

Despite the reprieve, investors warned Tuesday about falling foreign demand for U.S. debt amid geopolitical pressures.

"The Chinese don't want to continue to accumulate," investor Ray Dalio told Bloomberg. "When you have a debtor-creditor relationship and you have an adversary relationship, that's a very difficult dynamic."

Energy prices were flat on Tuesday, offering further support to the equity rally. Both West Texas Intermediate crude oil and global benchmark Brent finished up less than 1% in daily trading.

Investors are awaiting the minutes of the Federal Reserve's last meeting in September, at which the U.S. central bank raised interest rates for the first time since 2023. Minutes will be released on Wednesday and will shed light into how monetary policymakers are thinking about economic conditions.

New Updates44 Mins AgoJapan's Nikkei 225 set to open higher after Wall Street rallyAsian stocks were poised to open mixed on Wednesday, diverging from gains on Wall Street where the S&P 500 and Nasdaq Composite closed at fresh records.

Japan's Nikkei 225 was set to rise at open, with its Chicago and Osaka futures contracts last at 71,020 and 70,070 respectively, compared with the index's previous close of 70,683.98.

Futures for Hong Kong's Hang Seng index stood at 24,272, marginally lower than its last close of 24,280.56.

Futures for Australia's S&P/ASX 200 were at 8,771, while the index closed at 8735.7

Mainland China markets remain closed for a holiday.

Investors will be scrutinizing the minutes of the Federal Reserve's September meeting on Wednesday, which are set to be released at 2 p.m. ET. Futures markets are betting on a hold from the central bank at its next meeting at this end of this month, followed by a quarter-point rate hike at the subsequent meeting in December.

"The September [summary of economic projections] and subsequent communications point to broad support for additional rate increases, but less agreement over the pace and total magnitude of these moves," Amy Yang at Deutsche Bank wrote in a Monday note to clients.

"The center of the Committee, represented most clearly by Williams and Jefferson, favors taking time to evaluate the data, while the most hawkish wing sees September as the beginning of a multi-step adjustment toward a sufficiently restrictive stance," she added.

Here are some of the companies making the biggest moves in after-hours trading.

Neogen Corp – The food safety company jumped 10% after raising its fiscal year guidance. Neogen sees revenue ranging between $885 million and $890 million, versus its earlier call for $880 million and $885 million and the FactSet consensus forecast for $883.2 million.

Penguin Solutions – The builder of artificial intelligence factory platforms advanced more than 4% after fourth quarter results surpassed expectations. Adjusted earnings came in at $1 per share on revenue of $566.7 million. Analysts polled by FactSet sought 77 cents per share and $521 million in revenue.

Worthington Steel – Shares of the metals processor slid about 3%. First quarter earnings were 57 cents per share, excluding certain items, compared to 77 cents per share a year earlier. The results reflect Worthington's acquisition of a majority interest in Klöckner & Co SE, so it was not clear if adjusted earnings are comparable to FactSet's consensus estimate.

U.S. stock futures opened little changed at 6 p.m. in New York on Tuesday night.

Futures tied to the Dow Industrials added 33 points, or 0.06%, while S&P 500 futures gained 0.1%. Nasdaq-100 futures climbed 0.09%.