1. Waiting for the Fed: Attention this week remains squarely focused on the Federal Reserve. The US central bank kicks off its June meeting on Tuesday. Its rate decision and press conference follow on Wednesday.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +57.00 | | +41.25 | | +7.75 | | +0.22% | | +0.55% | | +0.27% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -151.29 | | +2.54 | | +39.14 | | 20,972.71 | | 2,890.16 | | 7,396.45 | | -0.72% | | +0.09% | | +0.53% | | | |
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| Biggest Winners | | Facebook Inc | +2.28% | | | | CME Group Inc | +1.09% | | | | Advanced Micro Devices Inc | +0.86% | | | | Alphabet Inc | +0.85% | | | Biggest Losers | | J B Hunt Transport Services Inc | -2.63% | | | | Carnival Corp | -0.50% | | | | Perrigo Company PLC | -0.48% | | | | Northern Trust Corp | -0.43% | | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Waiting for the Fed; US housing data; Draghi speaks | | By Julia Horowitz, CNN Business | | | | 1. Waiting for the Fed: Attention this week remains squarely focused on the Federal Reserve. | | | | The US central bank kicks off its June meeting on Tuesday. Its rate decision and press conference follow on Wednesday. | | | | Investors want a clear signal from Chair Jerome Powell, who said two weeks ago that the Fed would act as appropriate to sustain the economic expansion in the United States. | | | | That triggered a stock rally — though markets are now clamoring for more specifics. Expectations for a rate cut in July are now at 86%, according to the CME's FedWatch tool. | | | | It's clear that central banks are leaning toward looser monetary policy. | | | | European Central Bank President Mario Draghi on Tuesday signaled his willingness to boost monetary stimulus if economic conditions don't improve, causing the euro to fall. | | | | 2. Housing data: In the meantime, markets could move on a new batch of data. | | | | US housing starts and building permits will post at 8:30 a.m. ET. | | | | Investors will be watching closely after a surprisingly weak indicator on Monday. The Empire State Manufacturing Survey, which measures how factories in New York view the state of their business, fell much more than expected in June. | | | | Economists expected the New York manufacturing industry to expand. Instead, the decline of the business conditions index was the largest on record, according to the New York Fed. | | | | 3. Markets rise: US stock futures point higher. The Dow is set to jump 60 points, or almost 0.2%, when markets open. The Nasdaq could rise 0.5% and the S&P 500 is poised to climb 0.3%. | | | | European markets gained in early trading on the remarks from Draghi. France's CAC 40 leaped 0.9%. Germany's DAX rose 0.5%. | | | | Stocks in Asia finished higher, bar Japan. The Shanghai Composite rose 0.1%, while Hong Kong's Hang Seng gained 0.9%. The Nikkei fell 0.7%. | | | | The Dow closed up 0.1% on Monday. The S&P 500 inched up 0.1%, and the Nasdaq rose 0.6%. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | | | | |
| | | | | | Tuesday: Adobe earnings; US housing starts; US Senate hearing on tariffs
Wednesday: Fed decision and press conference; earnings from Oracle and Barnes & Noble
Thursday: US leading indicators; Bank of England rate decision; earnings from Darden, Kroger and Red Hat
Friday: US existing home sales; Markit flash US manufacturing PMI | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $51.57 | -0.36 / -0.69% | | | Gold | $1,349.40 | +6.50 / +0.48% | | | 10-yr | 2.09% | -0.01 | | | Euro | $1.12 | -0.00 / -0.30% | | | |
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