Stock market today: U.S. stock futures were trading slightly higher as investors awaited the Federal Reserve’s September policy decision and its outlook for rates.
Futures tied to the S&P 500 and Nasdaq were up modestly ahead of the Fed announcement, reflecting cautious buying into the open, according to CNBC’s market coverage which noted S&P 500 futures rose about 0.2% and Nasdaq-100 futures gained roughly 0.3%.
The move in futures came as Treasury yields hovered at elevated levels, with CNBC reporting the 10-year Treasury yield trading above 5%, a backdrop that investors watch closely when pricing Federal Reserve policy.
Pricing in interest-rate contracts showed traders expected a high probability of a September rate increase: the CME FedWatch tool implied roughly a 93% chance of a hike, as reported in coverage from Investing.com and Yahoo Finance summaries of market positioning.
Market participants have been parsing the Fed statement and the central bank’s dot plot for clues on the pace of future hikes and how long restrictive policy may remain, a reaction echoed in Reuters’ markets reporting ahead of policy meetings.
Investors tracking the stock market today are also watching corporate earnings and macro data that could influence Fed expectations; for a broader daily watchlist, see the site’s what investors are watching and for live index quotes use the companion guide to the S&P 500 live coverage.
Sources
- CNBC — reported that S&P 500 and Nasdaq-100 futures were up (about 0.2% and 0.3%) and that the 10-year Treasury yield was trading above 5%.
- Investing.com — noted that Wall Street futures edged higher as traders awaited the Fed decision and cited market positioning.
- Yahoo Finance — summarized futures moves and cited the CME FedWatch probability for a September rate hike.
- Reuters — provided context on how investors read Fed statements and the policy outlook ahead of meetings.
