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Microsoft hires Sam Altman, Cruise CEO resigns

by News
November 20, 2023
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© Reuters

Investing.com — U.S. stock futures edged higher ahead of the first day of a Thanksgiving-shortened trading week, as investors geared up for minutes from the Federal Reserve’s latest meeting and earnings from AI-darling Nvidia (NASDAQ:) on Tuesday. Sam Altman is set to join Microsoft (NASDAQ:) after a dramatic weekend saw his ouster from the helm of ChatGPT-maker OpenAI. Elsewhere, Cruise boss Kyle Vogt resigns following a series of recent missteps at the robotaxi group.

1. Futures inch up

U.S. stock futures hovered just above the flatline to begin a holiday-shortened trading week, with investors looking ahead to upcoming minutes from the Federal Reserve’s latest meeting as they attempt to gauge the central bank’s future policy path.

By 05:09 ET (10:09 GMT), the contract had added 26 points or 0.1%, had gained 6 points or 0.1%, and had risen by 32 points or 0.2%.

The main indices on Wall Street ended the prior session marginally in the green, helping the benchmark and 30-stock post their first three-week winning streaks since the summer. Meanwhile, the tech-heavy surged to its best week since June.

On Tuesday, traders will have the opportunity to parse…

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