Markets hold steady as Fed decision looms amid AI rout and higher yields

Stock futures hover near flat ahead of this week’s Federal Reserve decision as investors weigh higher yields, firmer oil prices and a broad AI-stock sell-off that dragged major indexes lower; Nvidia and Corning fell while Dave & Buster’s posted a surprise quarterly loss. Asia-Pacific markets opened softer, and futures imply a potential 25-basis-point Fed hike to around 3.75%, with some analysts signaling room for movement toward 4.0% if conditions warrant.