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Stock Futures Today
Futures for the Dow Jones Industrial Average today (Tuesday, Sept. 15) forecast a 2-point decline as investors look toward this week's critical FOMC meeting. This week, the central bank will decide whether to raise interest rates for the first time since 2006. In Europe, the key ZEW survey indicated a possible slowdown in Germany's economy, the largest in Europe. Meanwhile, the Shanghai Composite slipped again by 3.5%.
On Monday, the Dow slipped roughly 62 points as traders anticipate that the U.S. Federal Reserve will not raise interest rates during this week's FOMC meeting. Here's a breakdown of what to expect from the central bank's two-day assembly on Wednesday and Thursday (Sept. 16-17).
Also, be sure to watch Money Morning Chief Investment Strategist Keith Fitz-Gerald, a 33-year global market expert, explain why the Federal Reserve is completely unpredictable…
Top News in the Stock Market Today
- The Stock Market Today: On Tuesday, investors will await an update on monetary policy from the Bank of Japan, manufacturing data in Germany and the broader Eurozone, and domestic reports on retail sales and U.S. industrial production. This morning, Dan Ivascyn – the CIO of PIMCO Group – said that there is a less than "50% chance" that the Federal Reserve will raise interest rates, according to a report by Reuters.
- Oil Outlook: Oil prices were rising this morning as traders anticipate that U.S. inventories and production are set to decline this week, although investors remain worried about falling demand in Asian markets. WTI prices were up roughly 1.2% to reach $44.58. Meanwhile, Brent oil prices added 1.1% to $46.90 per barrel.
- Earnings Reports: This afternoon, United Natural Foods Inc. (Nasdaq: UNFI) is the only company reporting earnings.
Pre-Market Movers in the Stock Market Today: FCAU, BABA, LNG, MYL
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.