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Oct 27 2015

Stocks pause ahead of earnings, Fed meeting

Market Recap 10/26/15:

U.S. stocks fell slightly on Monday, with investors holding off ahead of the start to a two-day meeting of the Federal Reserve. While recent trading has been driven by corporate earnings, which have largely come in ahead of expectations, uncertainty over Fed policy has fueled a lot of market volatility this year. Investors remain torn on when the Fed will raise interest rates, which it has said it would do when it deems the economy strong enough to withstand such a move. The better-than-expected earnings season could ease the central bank’s concerns about the state of the economy, though many analysts expect the first rate hike will come early next year. Comments from this week’s meeting will be scoured for whether that timeline has changed at all. 

 

Looking ahead:

U.S. stock index futures were slightly lower on Tuesday, ahead of the Fed meeting, as well as ahead of the release of major corporate earnings. Ford (F), Pfizer (PFE) are UPS (UPS) are all scheduled to report before the market opens, while Apple (AAPL) will be in particular focus as the tech giant is scheduled to report its results after the market closes. Those results will be closely watched because it is not only the largest U.S. company, but also one with notable revenue exposure to China. Make sure you don’t miss this week’s Money Matters with Gary Goldberg, which will air Sundays at 11 on WOR710. Visit our website www.ggfs.com for more details.