From Yahoo Finance: 2024-09-16 06:18:25

U.S. stock index futures were subdued on Monday as investors await the Federal Reserve’s upcoming monetary policy decision, with a 59% chance of a 50-basis point rate cut.

Following hints from Fed Chair Jerome Powell for a rate cut, the S&P 500 and Dow are near record highs, but mixed economic data has led to uncertainty about the central bank’s decision.

Futures for small caps, which benefit from lower borrowing costs, rose 0.72%, with retail sales, jobless claims, and other economic data scheduled for the week.

Among individual stocks, Intel Corp climbed 2% and Trump Media & Technology gained 3.7% following news of an apparent assassination attempt on former President Trump. Cryptocurrency stocks, however, trended lower.



Read more at Yahoo Finance: Futures muted in cautious start to Fed meeting week