The S&P 500 Index ($SPX) (SPY) today is up by +0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.22%. December E-mini S&P futures (ESZ25) are up +0.03%, and December E-mini Nasdaq futures (NQZ25) are down -0.19%.
Stock indexes are modestly lower ahead of the start of the 2-day FOMC meeting today. The market remains cautious about the pace of Fed easing beyond Wednesday’s decision, when the Fed is expected to cut interest rates by 25 bp. Stock losses are limited as bond yields move lower, with the 10-year T-note yield down -2 bp to 4.15%.
