Good morning! Futures indicate the stock market today will open just a notch above yesterday's close, despite a rally in Europe. The markets are patiently waiting for an announcement after the close of the Fed Open Market Committee's two-day meeting. After the recent market slip - down 6.8% in less than one month - the big question is: "Will the Fed extend QE3?"
The most important number to watch today - besides the Dow - is the Federal Reserve's interest rate on fed funds, which will likely remain unchanged at a range of 0% to 0.25%.