After major U.S. indexes notched fresh record highs, futures are trading flat as market participants await further cues. The S&P 500 and Nasdaq both hit all-time highs amid optimism over cooling inflation and the prospect of Fed rate cuts. With key tech earnings around the corner and the Federal Reserve decision looming, investors appear to be pausing for clarity. The consolidation phase suggests caution is setting in after strong upside. Analysts highlight that without stronger guidance or macro momentum, markets may trade sideways until fresh catalysts emerge.