U.S. stock futures are experiencing little movement Sunday evening as investors eagerly await the Federal Open Market Committee's (FOMC) upcoming meeting and monetary-policy decision, scheduled for Tuesday and Wednesday respectively.
At 6:14 p.m. ET on Sunday, Dow Jones Industrial Average futures saw a slight increase of 36 points, or 0.1%. The S&P 500 futures and Nasdaq Composite futures also rose by 0.1%.
Crude oil futures (West Texas Intermediate, the U.S. standard) climbed by 0.3% to reach $91 a barrel. Meanwhile, Brent crude, the international benchmark, increased by 0.1% and settled at $94.03 per barrel.
Notable earnings announcements to be expected this week include: Stitch Fix on Monday; AutoZone on Tuesday; FedEx, General Mills, and KB Home on Wednesday; and Darden Restaurants and FactSet Research Systems on Thursday.
Exciting economic events happening this week are as follows:
Monday
- The National Association of Home Builders will release its Housing Market Index for September.
Tuesday
- The Census Bureau will report residential construction data for August.
- Maplebear, the parent company of online grocery-delivery service Instacart, is expected to begin trading on the Nasdaq Exchange under the ticker "CART."
Wednesday
- The Federal Open Market Committee concludes its two-day meeting and announces its monetary-policy decision. Currently, futures markets indicate no change in the fed-funds rate, which currently stands between 5.25% and 5.50%.
Thursday
- The National Association of Realtors will release existing-home sales data for August.
- The Conference Board will unveil its Leading Economic Index for August.
- The Labor Department will report initial claims for unemployment benefits for the week ending Sept. 16.
- The Bank of England is expected to raise its target interest rate by a quarter of a percentage point, bringing it to 5.5%.
Friday
- S&P Global will release both its Manufacturing and Services Purchasing Managers' Indexes for September.
- The Bank of Japan is expected to maintain its current rate of negative 0.1%.
Stay informed by keeping an eye on these developments and their potential impact on the financial industry.
