What to watch today: Stocks set for higher open ahead of Fed statement, Powell news conference

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Stock futures are higher ahead of the Fed's post-meeting policy statement and Chairman Jerome Powell's afternoon news conference.

Tuesday at his funeral in Houston, where he grew up, as "Big Floyd," a father and brother, athlete and neighborhood mentor, and now a catalyst for change. Tuesday's funeral capped six days of mourning for Floyd in three cities. posted a loss of 12 cents per share, smaller than the 16 cents a share loss that Wall Street had anticipated. The pet products retailer also reported better-than-expected revenue and gave an upbeat revenue forecast.

The videogame retailer's revenue was slightly below forecasts, and comparable-store sales excluding closed locations fell 17%. One bright spot for GameStop: a 519% increase in e-commerce sales. reported a quarterly loss of 91 cents per share, compared to the consensus estimate of a 33 cents a share loss. The discount retailer's revenue came in below forecasts amid coronavirus-related closures, although the company said about 90% of its stores have now reopened.

 

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