U.S. stock futures point to weak finish to strong January for Wall Street


U.S. stock futures on Tuesday pointed to a weak finish to a strong month ahead of a key Federal Reserve rate decision and more corporate earnings.

What’s happening
  • Dow Jones Industrial Average futures

    fell 113 points, or 0.3%, to 33672.

  • S&P 500 futures

    dropped 17 points, or 0.4%, to 4016.

  • Nasdaq 100 futures

    decreased 78.5 points, or 0.7%, to 11890.

On Monday, the Dow Jones Industrial Average

fell 261 points, or 0.77%, to 33717, the S&P 500

declined 53 points, or 1.3%, to 4018, and the Nasdaq Composite

dropped 228 points, or 1.96%, to 11394.

The S&P 500 has gained nearly 5% this month.

What’s driving markets

The Federal Open Market Committee kicks off its two-day meeting on Tuesday, with near universal expectations for a quarter-point rate hike, with the uncertainty focused on the commentary to be delivered in the statement and the press conference with Chair Jerome Powell.

“We doubt that the Fed will deliver a dovish surprise at its meeting, but the imminent end of interest rate hikes is nevertheless positive for risk appetite,” said Willem Sels, global chief investment officer at HSBC Global Private Banking & Wealth. “That said, the main beneficiaries lie outside of the U,S,, in emerging markets, where borrowing costs are already declining as U.S. Treasury yields have peaked and the dollar is falling.”

The U.S. dollar index is down 11% from its late September peak. The yield on the 10-year Treasury has fallen nearly 70 basis points from its late October peak of 4.23%.

The economics calendar includes the employment cost index, an important though lagging measure of wage pressure.

The earnings docket includes General Motors

and Exxon Mobil


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Jacob Keiter is a husband, a writer, a journalist, a musician, and a business owner. His journey to becoming a writer was one that was paved with challenges, but ultimately led him to find his true calling. Jacob's early years were marked by a strong desire for creative expression. He was always drawn to music, and in his youth, he played in several bands, chasing the elusive promise of fame and success. However, despite his best efforts, Jacob struggled to find the recognition he craved. It wasn't until he hit a low point in his life that Jacob discovered his love for writing. He turned to writing as a form of therapy during a particularly difficult time, and found that it not only helped him to cope with his struggles, but also allowed him to express himself in a way that he had never been able to before. Jacob's writing skills quickly caught the attention of others, and he soon found himself working as a journalist for The Sun out of Hummelstown. From there, he went on to contribute to a variety of publications, including the American Bee Journal and Referee Magazine. Jacob's writing style is reflective of traditional journalism, but he also infuses his work with a unique voice that sets him apart from others in his field. Despite his success as a writer, Jacob also owns another business, JJ Auto & Home, which specializes in cleaning. Jacob's commitment to excellence is evident in all of his endeavors, whether it be in his writing or in his business ventures. Today, Jacob is the author of two books and continues to inspire others through his writing. His journey to becoming a writer serves as a reminder that sometimes our darkest moments can lead us to our greatest achievements.

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