The two-day FOMC meeting begins today, and earning reports from DSW (DSW) and PTC Therapeutics (PTCT) will hit the Street.
Major Asian stock indexes closed mixed ahead of today's U.S. Fed meeting. In China, traders were digesting a raft of economic data. While industrial output grew more than expected in February, retail sales for the same period disappointed. Meanwhile, Goldman Sachs raised its opinion on Chinese stocks to "overweight." The Shanghai Composite closed up 0.1%, and Hong Kong's Hang Seng ended just below breakeven. Rounding out the region, South Korea's Kospi added 0.8% and Japan's Nikkei gave back 0.1%.
Markets in Europe are also hesitating ahead of today's rate-hike decision. Brexit uncertainty, a possible Scottish independence referendum, and this week's election in the Netherlands are likely adding to the risk-off attitude, as well. On the economic front, investors are considering a lower-than-expected increase in eurozone industrial production. London's FTSE 100 has so far managed a 0.1% increase, though France's CAC 40 and Germany's DAX were off 0.4% and 0.1%, respectively, at last check.
Stay on top of breaking stock market news with Schaeffer's Midday Market Check.
SCHAEFFER'S PARTNER CENTER
Visit Schaeffer’s Broker Center today to open your account and gain access to exclusive offers from top brokers.
Stocks On the Move: Momenta Pharmaceuticals, Inc., Pacira Pharmaceuticals Inc, and Stemline Therapeutics Inc
Analyst Update: Himax Technologies, Inc., Pacira Pharmaceuticals Inc, and RetailMeNot Inc
Dow Jones Industrial Average Struggles as Trump Sinks Drug Stocks
Snap, Aurinia Pharmaceuticals, Abercrombie & Fitch Stocks Moving Today
SPY Options Trader Wagers $1.5 Million on a Short-Term Rally
SPY 'Call Wall' Falls, But What Will VIX Options Expiration Bring?
Dow Jones Industrial Average Futures Dip as U.K. Triggers Brexit
Dow Jones Industrial Average Futures Point to Ninth Straight Loss