U.S. stock futures experienced a decline on Tuesday due to the anticipation of key retail sales data and the start of a Federal Reserve policy meeting. It is expected that the meeting will result in a 0.25% interest rate cut.

The Dow Jones Industrial Average futures fell 0.4%, marking the eighth consecutive day of losses for the index. S&P 500 futures decreased by approximately 0.3%, while Nasdaq 100 contracts slipped 0.2% after reaching a record closing high on Monday. Investors are closely watching the Fed's final meeting of the year, with expectations that this may be the last rate cut for some time due to concerns about inflation. The yield on the 10-year Treasury rose above 4.42%, its highest level in over three weeks, reflecting growing caution among investors regarding future rate adjustments.

Additionally, economists predict a 0.5% month-on-month increase in November retail sales, driven by strong holiday spending. In corporate news, Nvidia shares fell over 1.4% in pre-market trading, continuing a downward trend of more than 10% from its November peak. However, Broadcom and other sector peers provided some support to the Nasdaq.