Premarket trading was mixed early today, the Associated Press reports, as investors braced for another busy week, including a decision by the U.S. Federal Reserve on interest rates. Futures for the S&P 500 gained less than 0.1% before the bell, while futures for the Dow Jones Industrial Average were essentially flat.
The U.S. Federal Reserve is scheduled to announce its monetary policy on Wednesday, with traders not anticipating a rate cut.
This week will also bring another trove of corporate earnings, including the biggest technology companies in the world. Alphabet and Microsoft report on Tuesday, while Apple, Amazon, and Meta report on Thursday. General Motors, Starbucks, and Boeing also post earnings this week, along with dozens of other companies.
In energy trading, benchmark U.S. crude gave up 8 cents to $77.83 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, declined 12 cents to $82.83 per barrel.
In currency trading, the U.S. dollar slipped to 147.92 Japanese yen from 148.11 yen.
