US Futures Pause as Traders Wait for Fed Meeting Minutes
Dow futures edged lower while S&P 500 and Nasdaq-100 futures held near flat ahead of minutes from the Fed’s September meeting.
Key takeaways
- S&P 500 and Nasdaq-100 futures traded roughly flat after the indexes hit records Tuesday.
- Traders priced in about 20% odds of an October rate hike as of Tuesday.
US stock futures were little changed Wednesday morning as investors awaited minutes from the Federal Reserve’s September meeting. Dow futures slipped below flat, while S&P 500 and Nasdaq-100 futures traded roughly unchanged after both indexes reached record highs Tuesday.
The minutes may offer clues on whether September’s rate hike was a one-off or points to further increases. As of Tuesday, traders priced in roughly 20% odds of a hike at the Fed’s October meeting next week.
Brent crude futures remained above $100 a barrel amid the latest Houthi attacks in the Middle East. Levi Strauss and Applied Digital were due to report results.
This article was produced with the help of AI technology. Source: Yahoo Finance
