US Stocks-Wall St futures edge higher in countdown to Fed decision
SPY•Oil and sector moves
Oil prices dipped, following an unexpectedly large build in U.S. crude inventories. Brent crude futures were down less than 1% to $107.72 and U.S. West Texas Intermediate crude futures slipped 1.5% to $104.28.
Energy stocks were in negative territory. Chevron and ConocoPhillips fell 0.3% each.
Technology and chip stocks
Tech stocks were mixed in premarket trading, with Nvidia up less than 1% and Meta flat. Microsoft and Apple fell marginally.
Among chipmakers, Intel rose more than 5% while Marvell Technology gained nearly 2%.
A joint call by top AI executives to slow down the development of the technology has clouded the outlook for the tech sector, although there is little clarity as yet on what such a slowdown would look like.
