U.S. indices were mostly higher Tuesday after Wall Street set new records and investor expectation grew that the Federal Reserve will announce its first interest rate cut of 2025.

S&P 500 futures rose 0.2% before the bell Tuesday while Big Tech stocks pulled Nasdaq futures 0.3% higher. Futures for the Dow Jones industrials were unchanged.

Oracle shares jumped 5% on speculation that it would play a major part in the U.S.-China deal to keep TikTok operating in the U.S. after the Trump administration announced the framework of a trade deal on Monday.

U.S. Treasury Secretary Scott Bessent said after the latest round of trade talks between the world’s two largest economies concluded in Madrid that U.S. President Donald Trump and Chinese Premier Xi Jinping would speak Friday to possibly final

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