(For a live blog on the U.S. stock market, click LIVE/ or
type LIVE/ in a news window.)
* Futures up: Dow 0.02%, S&P 0.04%, Nasdaq 0.11%
By Shreyashi Sanyal
June 17 (Reuters) - U.S. stock index futures treaded water
on Monday, after the main indexes ended the previous week
slightly higher, as focus shifted to a pivotal Federal Reserve
meeting that could lay the groundwork for an interest rate cut
later this year.
The S&P 500 index .SPX has risen nearly 5% so far in June
on hopes of a rate cut in the face of weaker economic data and
heightening global trade tensions, but that rally ran out of
steam in the past week as traders trimmed their expectations.
The Fed is expected to leave borrowing costs unchanged at a
policy meeting on Tuesday and Wednesday, but analysts expect
data to show that a growing number of policymakers are open to
cutting rates in the coming months. "The Fed has a very delicate balancing act to contend with
as they have a choice of endorsing current dovish market pricing
and keeping things calm, or to suggest it's gone too far too
quickly and give risk assets a sharp jolt," wrote Jim Reid, a
strategist at Deutsche Bank.
The Fed's policy-setting committee is due to release its
statement at 2 p.m. EDT (1800 GMT) on Wednesday.
At 7:14 a.m. ET, Dow e-minis 1YMc1 were up 5 points, or
0.02%. S&P 500 e-minis ESc1 were up 1.25 points, or 0.04% and
Nasdaq 100 e-minis NQc1 were up 8 points, or 0.11%.
Investors also braced for the Group of 20 summit at the end
of the month, which may yield progress on resolving the
prolonged trade war between the United States and China.
Among stocks, Pfizer Inc PFE.N edged down 0.1% in
premarket trading after the drugmaker said it would buy Array
Biopharma Inc ARRY.O for $10.64 billion. Shares of Array
jumped 59%.
- English (USA)
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
US STOCKS-Futures subdued as Fed policy meeting looms
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.