Stock Futures Frozen as Investors Wait for Fed News
A man watches an electronic stock indicator in Tokyo, Tuesday, Oct. 29, 2013. Asian stock markets were mostly lower Tuesday as investors waited for a U.S. Federal Reserve policy meeting this week for clues about when the central bank will begin reducing its monetary stimulus. Japan's Nikkei 225 was down 0.49 percent at 14,325.98. (AP Photo/Shizuo Kambayashi)
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NEW YORK—Futures are barely moving with so much riding on upcoming policy decisions at the Fed.
The U.S. Federal Reserve opens its two-day meeting Tuesday. In the wake of the 16-day partial government shutdown, the guess is that it will continue an aggressive economic stimulus campaign.
Dow Jones industrial futures are up 8 points to 15,526. S&P futures have lost less than a point to reach 1,758.70. Nasdaq futures are also down less than a point to 3,382.50.
Outside of the Fed meeting, there’s a bevy of economic indicators due Tuesday, starting with government reports on retail sales and wholesale prices for September. Those are due at 8:30 a.m. Eastern time.
The U.S. reports on business inventories at 10 a.m. Eastern, as does the private Conference Board report on consumer confidence.