Traders work on the floor of the New York Stock Exchange (NYSE), July 26, 2023.
Stock futures were flat in overnight trading Monday as Wall Street readied for the start of the Federal Reserve's two-day September policy meeting.
Futures tied to the Dow Jones Industrial Average added 16 points, or 0.04%, while S&P 500 futures and Nasdaq 100 futures inched up 0.06% and 0.08%, respectively.
"China, that was supposed to work and supposed to come out of Covid … the U.S. consumer is showing signs of a little bit more pressure.
The Fed is not expected to raise rates this month, with traders pricing in a 99% probability that the central bank skips a hike, according to CME Group's FedWatch tool, a gauge of pricing in fed funds futures.
Persons:
we've, Ankur Crawford, Alger, Covid, that's
Organizations:
New York Stock Exchange, Stock, Federal, Dow Jones, Nasdaq, Dow
Locations:
China