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US stock futures held steady as Wall Street digested a second day of gains and braced for the Federal Reserve's next policy meeting.

The S&P 500 ended in a correction last Thursday, but history shows the pain is often short-lived. Wall Street analysts already say the worst may be over.

With the shares down 13% in 2025, investors are looking for fresh updates from the GTC conference to help restart the rally for Nvidia.

Wall Street turned lower and gold surged to record highs on Tuesday as Israeli airstrikes on Gaza revived geopolitical jitters and the U.S. Federal Reserve gathered to discuss monetary policy amid growing economic uncertainty. A vote by Germany's parliament to overhaul government spending sent European stocks higher, however, and German shares to near record highs. Even so, all three major U.S. stock indexes were lower in early trading, with weakness in tech-related megacap stocks dragging the tech-laden Nasdaq down the most.

D-Wave shares are likely to remain on watchlists Tuesday after surging to a multi-year high as investors continued to pile into the stock following news last week that the company's quantum computer outperformed a supercomputer. Monitor these key chart levels.

Analysts at two top US banks say the worst of the sell-off is likely behind investors after weeks of pain brought on by tariff and growth concerns.

SYDNEY (Reuters) -A trade war sparked by U.S. President Donald Trump's tariffs may drive up global inflation, stoke market volatility and slow economic growth, the CEOs of two top Australian banks said on Tuesday, but added Australia was insulated from the disruption. The heads of No. 1 retail lender Commonwealth Bank of Australia and No. 1 business lender National Australia Bank told a conference the new U.S. administration's protectionist policies would likely strain the global economy in the medium term with higher costs and lack of certainty. But Australia's roughly $15 billion a year in exports to the U.S. was small compared to its overall export trade, so the country was better placed than Canada, which sells 85% of its exports to the U.S., the financial leaders added.