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U.S. stock futures indicated a mostly positive open Tuesday as the Federal Reserve began it’s policy meeting, while Oracle shares climbed amid speculation of its potential role in a deal concerning TikTok.
Futures tied to the Dow Jones Industrial Average were little changed in early trading. However, the S&P 500 showed gains, rising 0.2%, and Nasdaq 100 contracts increased by 0.3%. Investors are closely watching the Federal Reserve’s two-day meeting for signals about the future path of interest rates and monetary policy, particularly in light of recent economic data. The Fed’s decisions will have broad implications for businesses and consumers, influencing borrowing costs and overall economic growth.
Adding to the market activity, Oracle stock experienced an uptick as reports suggested the technology company might potentially be involved in a potential agreement regarding TikTok. The U.S. government has been scrutinizing TikTok’s ownership due to national security concerns, and Oracle has emerged as a possible partner to address those issues. A deal coudl involve Oracle hosting TikTok’s U.S. data and providing security oversight.
