Stock futures remained near the flatline on Monday night, with Dow Jones Industrial Average futures rising by a modest 8 points. This movement comes as investors anticipate a crucial announcement from the Federal Reserve on Wednesday. The market has experienced two consecutive winning sessions after enduring several challenging weeks, marked by concerns over soft economic data and President Donald Trump's fluctuating tariff policies.
As the market awaits the Fed's decision, investors are keeping a close eye on economic data related to imports, housing, building, and production, expected on Tuesday morning. The Nasdaq Composite currently finds itself in a correction phase, characterized by an index falling at least 10% from a recent high. Similarly, the S&P 500 entered correction territory last week but has shown signs of recovery during Friday and Monday's sessions.
Despite the recent uptick in market performance, investors remain cautious due to the uncertainties surrounding the U.S.' financial health. The Fed funds futures market is reflecting a 99% probability that the central bank will maintain its current interest rates, a decision eagerly awaited by market participants.