Futures Flat as Markets Breathe Ahead of Warsh-Led Fed Decision

US stock futures took a breather on Tuesday morning as investors assessed the recent rally and prepared for the Federal Reserve's first policy decision under Chair Kevin Warsh.

The rally was driven by easing tensions in the Middle East, with a breakthrough U.S., Iran agreement to reopen the Strait of Hormuz removing a geopolitical overhang that had weighed on global markets for months.

However, retail sentiment on popular indices SPY and QQQ remains 'bearish', according to Stocktwits data.

Social media platforms are abuzz with discussions around various stocks, including SpaceX (SPCX), Tesla (TSLA), Rocket Lab USA (RKLB), Alibaba Holdings (BABA), Novo Nordisk (NVO), Robinhood (HOOD), and Solidion Technology (STI).