Today’s Stock Futures: Live Updates

European markets opened lower on Tuesday as investors awaited the start of the US Federal Reserve’s two-day monetary policy meeting.

The pan-European Stoxx 600 index opened 0.2% lower, with sectors temporarily trading in positive and negative territory. Health-care stocks were the biggest losers, down 0.7%, while travel and leisure stocks rose 0.2%.

– Hannah Ward-Glenton

ArcInvest’s Cathy Wood reiterated her big bullish call on her EV darling Tesla, which has seen it hit $2,000 in five years thanks to the robotaxi boom.

“One-third of our estimate is related to electric vehicles,” Wood said on CNBC’s “Fast Money” Monday. “Two-thirds of our assessment is autonomous [driving] and autonomous taxi platforms.”

Woods’ bear case on Tesla is a $1,400 target by 2027 and his bull case is $2,500. Tesla is the largest holding in its flagship Ark Innovation ETF ( ARKK ) fund with an 11.5% weighting. Shares of Tesla have more than doubled this year after losing 65% in 2022.

– Yun Li

Instacart priced its IPO Monday evening at $30 a share, valuing the grocery delivery company at roughly $10 billion.

The company is set to debut on the Nasdaq on Tuesday under the ticker symbol “CART.”

That puts the offer at the upper end of the expected $28 to $30 per share range.

– Ari Levy, Samantha Subin

Stock futures were little changed on Monday evening as Wall Street awaited the start of the Federal Reserve’s policy meeting.

Futures linked to the Dow Jones industrial average added 13 points, or 0.03%, while S&P 500 futures and Nasdaq 100 futures added 0.02% and 0.06%, respectively.

– Samantha Subin