Stock futures were slightly lower as Wall Street geared up for the Federal Reserve’s latest policy decision on interest rates.
Stock futures were slightly lower Tuesday evening as Wall Street geared up for the Federal Reserve's latest policy decision on interest rates after closing out a terrible month.was slightly above flat after posting a beat on earnings and revenue, which reversed its earlier steep declines driven on disappointing fourth-quarter revenue estimates.
The market's moves come as traders turn their eyes to Washington for the Fed's latest policy announcement. Central bankers are largely expected to maintain rates steady, with fed funds futures pricing suggests a more than 99% probability that rates will remain at current levels, according to theThe decision is slated for release at 2 p.m. ET, followed by a news conference with Chair Jerome Powell at 2:30 p.m. ET.
Stocks have rallied so far this week, regaining some footing after a downbeat October which led each of the three major indexes to post their third-straight losing month.ended the month lower by 1.4% and 2.2%, respectively, marking the first three-month losing streak for both indexes since March 2020. TheAlthough November is a historically strong month for markets, investors are keeping an eye on a peak in bond yields. Earlier this month, the benchmark 10-year U.S.
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