U.S. Futures Flat as Nasdaq Hits New High Ahead of Fed Decision

U.S. stock futures held steady Sunday evening following the Nasdaq Composite's record close, with investors shifting focus to this week's Federal Reserve meeting. Nasdaq 100, Dow Jones, and S&P 500 futures edged up marginally, reflecting cautious optimism.

Friday's session ended mixed—profit-taking weighed on the S&P 500 and Dow, while select large-cap stocks propelled the Nasdaq 100 to its fourth consecutive all-time high. All three indexes posted weekly gains amid growing rate-cut expectations, fueled by softening labor data and cooling inflation.

The Fed's Wednesday policy decision dominates this week's agenda. Markets price in a 96% probability of a 25-basis-point cut, with minimal odds of a more aggressive move. Though earnings season has concluded, several high-profile reports remain in focus.