As Wall Street anticipated multiple mega-cap tech earnings reports and the Federal Reserve’s rate policy announcement, U.S. stock futures saw minimal movement on Monday.
Eleven points, or 0.03%, were taken off futures linked to the Dow Jones Industrial Average. Futures for the S&P 500 and Nasdaq 100 increased little.
In the wake of positive economic statistics last week, all three major averages saw increases. While core inflation on an annual basis was lower than anticipated by economists, indicating a slowdown in price increases, economic growth in the fourth quarter was greater than anticipated. But compared to the previous week’s advance, the market’s gains were more restrained as a result of big businesses like Tesla and Intel posting lower-than-expected profits.
Source (CNBC)
