Stocks Mixed Ahead of Fed Meeting; Tesla and Google Parent Rally While Chipmakers Face Uncertainty

Dow Jones futures fell ahead of Tuesday's stock market open, with Nvidia in focus after its CEO's speech. Magnificent Seven stocks Tesla and Alphabet rallied.

The Federal Reserve's two-day policy meeting is the big economic event this week, with a rate decision coming Wednesday. Markets expect a sign of potential near-term rate cuts.

On Monday, Tesla stock jumped over 6% to lead the Magnificent Seven gains, while Google parent Alphabet rose nearly 5% on Apple licensing rumors.

Top stocks like Arista Networks, Duolingo, Dexcom, and XP are breaking out or nearing buy points. Disney, IBM, and Procter & Gamble were among Dow Jones stocks in focus.

Key earnings reports this week come from homebuilder KB Home, chipmaker Micron, athleisure giant Nike, and discount retailers Ollie's Bargain Outlet, Lululemon, and Five Below.