U.S. stock futures were little changed Monday night after a positive start to the week, as investors brace for megacap earnings, the latest Federal Reserve interest rate decision, and a jobs report. Stocks are also on pace to snap a six-month winning streak.
Dow Jones Industrial Average futures fell by 12 points, or 0.03%. S&P 500 futures slid 0.04%, while Nasdaq 100 futures climbed 0.02%. Wall Street is coming off a positive session after a jump in Tesla, buoyed equities after the electric vehicle makerEven so, stocks are headed for their first losing month since October as rate cut expectations dropped significantly from where they were at the start of the year. The 30-stock index is on pace for a more than 3% loss in April. The S&P 500 and Nasdaq Composite are headed for declines of more than 2%, each.
"When you look at the size and the scope and the scale of the rally off the October lows, and then you layer on top of it, the stickiness of inflation in the end, ... I wouldn't be surprised to see some dampener on the market for a little period of time," Dan Greenhaus, chief strategist at Solus Alternative Asset Management, told CNBC'sThe week ahead is a busy one with Fed policymakers convening for their two-day policy meeting on Tuesday.
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