U.S. stocks largely flat ahead of economic data and Fed meeting
U.S. stocks barely moved on Monday trade ahead of the report of key economic data and a Federal Reserve meeting this week.
The Dow futures contract added 20 points or 0.1%. The S&P 500 Futures gained 4 points or 0.1%, lower. The Nasdaq Futures fell 44 points or 0.3%.
This week, investors anticipate the corporate earnings report, with about 180 S&P 500 companies, as well as 10 Dow Jones Industrial Average components to post their growth figures from January to March.
Refinitiv data showed that 86% of businesses posted stronger-than-expected growth figures for the first-quarter earnings season. The market remained cautious, however, capping off gains from the upbeat figures as investors question firms’ outlooks.
Besides corporate earnings, the Federal Reserve two-day policy-setting meeting is this week. The central bank is expected to keep its ultra-easy monetary policies.