The New York Stock Exchange is set to continue moving without much direction on Tuesday, even if investors seem ready to seize the buying opportunity offered by the recent pullback in Nvidia shares.

Half an hour before the opening, the Dow Jones futures contract was down 0.4%, while the Nasdaq contract gained 0.4%, suggesting another session of mixed trading.

The Nasdaq appears to be heading for a technical rebound after three consecutive sessions of declines due to high valuations, following a gain of over 16% this year.

The uptrend is likely to be driven by cheap buybacks of Nvidia, whose share price has fallen by over 10% in the last three sessions.

Recent market trends show that traders are on the lookout for the slightest opportunity to get back into equities, invest cheaply and, above all, not miss out on the upside.

Investing when indices are at all-time highs can seem frightening, since from a psychological point of view, everyone wants to enter the markets at lows", says Raymond James.

On the macroeconomic agenda, market participants are awaiting the Conference Board's consumer confidence index, which will shed light on the recent effects of inflation on household morale.

On the bond market, the yield on 10-year Treasuries continued to fall to 4.24%, in the wake of the German Bund for the same maturity, which lost two basis points to 2.40%.

Crude oil prices are back on the decline on the New York NYMEX market after rallying the previous day, with the December contract for U.S. light crude (West Texas Intermediate, WTI) giving up 0.3% to $81.4.

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