The S&P 500 is down by -0.06%, the Dow Jones is up by +0.26%, and the Nasdaq 100 is down by -0.50%. Futures for December show the S&P down by -0.08% and Nasdaq down by -0.58%. Stocks are lower ahead of the FOMC meeting, pressured by rising global bond yields.

Markets fear a hawkish rate cut from the FOMC today. US economic data shows cooling economy with inflation above target, prompting possible delay in further rate cuts. Signs of easing wage pressures support stocks. Mortgage applications rose +4.8%. FOMC expected to cut rates by -25 bp to 3.50%-3.75%.

Overseas markets lower. Q3 earnings exceed expectations. Interest rates fluctuate. T-notes rebound from 3-month low. ECB hints at optimistic growth forecasts. Amazon’s grocery delivery expansion impacts stocks. Cryptocurrency-exposed stocks under pressure. Various companies experience stock movement based on reports and upgrades.

Read more at Nasdaq: Stock Investors are Cautious Ahead of FOMC Results and Powell Comments