Ahead of the final day of October, stock futures were little changed, with the market poised for its best month in decades.
The futures for the DOW were down 15 points. The S&P 500 futures were slightly lower.
The month of October would be the best since 1976 for the blue chip index. The S&P 500 is up for the month and Wall Street is on track to end a two-month losing skid.
Despite a mixed third quarter earnings season from major companies, the gains have come.
Pfizer and Advanced Micro Devices are some of the big names to report this week.
The Federal Reserve meeting starts Tuesday. The Fed is expected to raise rates by three quarters of a percentage again on Wednesday, but many on Wall Street are looking for a signal from the statement or chairman Powell's press conference that the Fed could pause its hikes in the near future.
If J Powell doesn't deliver a Jackson Hole type performance, there isn't much that can be done to stop this move. There is a body in motion.
When trading started at 6 p.m., futures were unchanged. The S&P 500 futures are close to the flatline and the Nasdaq 100 futures are close to the breakeven point.
The person is Jesse Pound.
The Federal Reserve statement this week will be watched closely by Wall Street to see if the central bank will ease up on its rate hikes.
There is an 80% chance that the Fed will hike rates by three quarters of a point on Wednesday according to the FedWatch tool.
The central bank has a target range of 3% to 4%.
The market seems more uncertain beyond that. There is a small chance of another hike in December.
The person is Jesse Pound.
Despite a rocky earnings season, the major averages rose. The three are close to breaking a two-month losing streak, and the Dow is on track for its best month in more than four decades.
This is where things stand.
The S&P 500 is a benchmark stock market index.
Christopher and Jesse Pound.
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