Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City.
Michael M. Santiago | Getty Images
Stock futures were down slightly Tuesday as traders took a breather following another winning session and looked ahead to the release of the Federal Reserve meeting minutes.
The minutes from the Fed’s Oct. 31-Nov.1 meeting are slated for release at 2 p.m. ET.
Traders are hoping to glean some insight into policymakers’ rate decision and learn what it might take for them to change tack going forward. Fed funds futures pricing data suggests a nearly 100% probability that the Federal Open Market Committee will hold steady on rates at its upcoming December meeting.
Wall Street is coming off a strong session, with the S&P 500 and Nasdaq posting their fifth straight day of gains. Tech shares outperformed, leading the major averages higher.