US Futures Flat After Mixed Session

US stock futures were little changed in Asian trade on Tuesday after the major averages ended mixed during Monday's regular session, as hawkish remarks from Federal Reserve officials brought down hopes that the central bank might dial back its aggressive monetary tightening. Futures contracts tied to the three major indexes all traded near breakeven. In regular trading on Monday, the Dow and S&P 500 erased early gains to end 0.34% and 0.08% lower, respectively, as Fed's Mary Daly said she expects rates to rise somewhere above 5% and Fed's Raphael Bostic noted that policymakers should hike above 5% by early in the second quarter and hold rates there for a long time. Meanwhile, the Nasdaq Composite managed to close 0.63% higher despite downward market pressure, helped by a strong rally in Tesla and other technology stocks. Investors now look ahead to key inflation data on Thursday, as well as Fed Chair Jerome Powell's speech later in the global day.

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