December S&P 500 E-Mini futures slipped -0.12% as investors await the Federal Reserve’s two-day meeting and delayed U.S. job openings report. Chair Powell is expected to cut rates by 25 basis points, signaling no further cuts in early 2026. The S&P 500 dipped Monday, with Dow and Nasdaq also down amid concerns about stubborn inflation and a possible rate cut this week.

Tech stocks like Broadcom, Confluent, and Oracle saw gains, while Wave Life Sciences and Structure Therapeutics surged on positive drug results. Paramount rose 7% amid a bid for Warner Bros. Discovery, while Carvana and CRH climbed after joining the S&P 500. Berkshire Hathaway dropped over 2% following leadership changes.

Initial Resistance: 6873.50
Second Resistance: 6882.50
Direction: Trending lower
Potential target: 6829
Chart: ESZ25

Investors should be cautious as the Federal Reserve’s final policy meeting of the year approaches, with a likely rate cut and attention on Chair Powell’s comments. Defensive sectors are leading the market, while tech stocks and companies like Wave Life Sciences and Structure Therapeutics are seeing positive results.

Read more at Barchart: ES futures chiseling lower on a directionless day