The Vanguard S&P 500 ETF closed down 0.3% on Monday due to rising yields on U.S. 10-Year Treasury notes. Premarket, the Voo is looking to open 0.1% higher today. The Federal Open Markets Committee is meeting today to discuss a potential interest rate cut tomorrow, which could impact stock prices.

Toll Brothers reported earnings below expectations, with a profit of $4.58 per share compared to an expected $4.88. Sales were ahead of forecasts at $3.4 billion, but the backlog of homes awaiting building has decreased, indicating weakening demand. Toll Bros. stock is down over 5% premarket.

AutoZone also missed its earnings target, reporting Q1 profit of $31.04, $1.83 below expectations. Revenue was slightly short of analysts’ forecast at $4.6 billion. The Federal Reserve will announce its new target interest rate decision tomorrow.

Read more at Yahoo Finance: Anticipating a Rate Cut, the S&P 500 (VOO) Rises a Bit