Dow futures weaken ahead of Fed decision; corporate earnings continue to flow

Investing.com -- U.S. stock futures weakened Wednesday, as investors preferred to head in a vital latest Federal Reserve meeting on a cautious note.

The main indices on Wall Street closed the month higher Tuesday, attempting to regain their footing at the end of a bruising October.keeping interest rates at elevated levels, or even higher, for longer than previously expected, especially in the wake of last week’s strong growth figures. The U.S. central bank concludes its latest two-day policy meeting later in the session. Investors widely expect the Fed to hold rates steady, and comments from Chairwill again take the spotlight as investors parse every word to gauge if another interest rate increase is on the cards later this year.Investors will also keep an eye on the country’s future refinancing plans, with yields close to historic highs, even after the U.S.

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Dow books worst October since 2020 as U.S. stocks close higher Tuesday before Fed decisionChristine Idzelis is a markets reporter at MarketWatch and is based in New York.
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