are near flat Sunday night after excitement over last week's interest rate cut propelled the blue-chip index to a record closing level.lower interest rates by 50 basis points, which was notably above 42,000.
"The reality is that neither 25 nor 50 bps of rate cuts will materially change the near-term economic trajectory," he said."But the signal is important nonetheless, and markets responded the following day taking the S&P 500 Index to a new all-time high." Investors will be watching Monday for economic data on the service and manufacturing sectors. They'll also be following speeches from Atlanta Fed President Raphael Bostic, Chicago Fed President Austan Goolsbee and Minneapolis Fed President Neel Kashkari for insights into what the central bank will do next.Futures tied to the Dow, S&P 500 and Nasdaq 100 were all little changed shortly after 6 p.m. ET Sunday.
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Stocks Near Flat Sunday Night After Rate Cut-Fueled RallyU.S. stock futures edged lower on Sunday evening following a strong week of gains fueled by the Federal Reserve's decision to cut interest rates. Investors are now awaiting economic data and speeches from Federal Reserve officials for clues about future monetary policy.
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US Stocks Near Flat Sunday Night After Record WeekUS stock futures were little changed Sunday night after a record-setting week fueled by excitement over last week's interest rate cut. All three major indexes added more than 1% for the week, with the S&P 500 reaching an all-time high close.
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Stock Market Today: US stocks flat as traders brace for Fed's rate decisionStock Market Today: US stocks flat as traders brace for Fed's rate decision
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Stocks Finish Flat After Big Opening Rally, Fed Meeting LoomsThe stock market ended yesterday's session unchanged after a strong initial surge that faded in the afternoon. Analysts predict implied volatility will likely increase today, potentially leading to lower opening levels ahead of the FOMC meeting. The impact on stocks after the meeting hinges entirely on the Fed's statement.
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