Dow, S&P 500 and Nasdaq futures decline as focus shifts to the Fed.

• The Federal Reserve begins a crucial meeting on interest rates in the US.
• Bitcoin rises as Wall Street monitors inflation.
• SpaceX registers strong gains after billion-dollar IPO.

US financial markets opened Tuesday on hold, with investors turning their attention to the Federal Reserve's monetary policy meeting. The meeting marks the first interest rate decision under Kevin Warsh's leadership and comes amid persistent concerns about inflation and energy costs.

Before the market opened, the main Wall Street futures indices showed modest variations. Dow Jones contracts were down 0,01%, at 52.123 points. S&P 500 futures were down 0,14%, at 7.615 points, while the Nasdaq 100 also fell 0,14%, trading at 30.822 points.

Among the smaller market capitalization indices, the Russell 2000 advanced 0,14%, reaching 2.992 points. The movement indicated a cautious market, but without signs of pronounced risk aversion.

Expectations surrounding the Federal Reserve intensified after recent US inflation data surprised some in the market. Rising energy prices, coupled with tensions in the Middle East, added a new element to the debate about the next steps in US monetary policy.

On Wednesday, the central bank will announce its decision on the interest rate. Investors are also closely monitoring economic projections and comments from monetary authorities, looking for signs of possible interest rate cuts or maintenance in the coming months.

A climate of caution has replaced the optimism seen on Monday, when markets reacted positively to the announcement by current US President Donald Trump that Washington and Tehran had reached an understanding that should result in a formal agreement later this week.

According to US authorities, the agreement includes reopening the Strait of Hormuz to commercial traffic without tolls. The measure is being closely watched by the markets due to the region's importance for global oil transportation.

Despite the focus on the Federal Reserve, other assets also registered significant movements. The VIX, an indicator known for measuring the expected volatility of the American market, fell 8,37% to 16,20 points, suggesting a reduction in short-term concerns among investors.

In the commodities market, gold was down 0,49%, trading at US$4.330,10. Meanwhile, crude oil for July delivery showed a slight decrease of 0,07%, quoted at US$80,69 per barrel.

Among digital assets, Bitcoin was trading at US$65.810,89, up 0,31%. The leading cryptocurrency in the market followed the increased risk appetite seen in parts of the global markets.

Another highlight on Wall Street continued to be SpaceX. The company's shares had accumulated gains of over 43% since their stock market debut, including an advance of more than 19% on Monday.

Initially, the company had reported raising US$75 billion in its initial public offering. However, the total amount raised reached US$85,7 billion after the underwriters exercised their option to sell additional shares.

The strong performance of the stocks reinforced investor enthusiasm for companies linked to technological innovation. Analysts believe that SpaceX's IPO could pave the way for new public offerings from large companies in the artificial intelligence sector in the coming months.

“SpaceX’s IPO is a pivotal moment for the technology sector in general, in our view, as this AI and data revolution takes the next step,” wrote analyst Dan Ives.