Stock futures were slightly lower on Monday morning ahead of the final day of October, with the Dow Jones industrial average poised for its best month in decades.
S&P 500 futures were 0.12% lower, while Nasdaq 100 futures were down 0.2%. Dow futures were down 14 points, or less than 0.1%.
The Dow is up 14.4% in October, its best month since 1976. The S&P 500 and Nasdaq Composite also advanced this month, putting Wall Street on a two-month losing streak.
The gains came despite a mixed third-quarter earnings season for major companies, which showed slower growth and some big disappointments from big tech companies.
Earnings season continues this week with Uber, Pfizer and Advanced Micro Devices.
Traders are gearing up for the latest Federal Reserve meeting starting on Tuesday. The Fed is expected to raise rates again by three-quarters of a percent on Wednesday, but many on Wall Street are looking for a signal from the report or Chairman Jerome Powell’s press conference that the Fed may pause its hikes for the foreseeable future.
“Unless Jay Powell gives the green light next week and delivers a Jackson Hole-type performance, there is little stopping this move from a technical standpoint. The body in motion will be in motion,” wrote Goldman Sachs’ Matt Fleury. A note on Saturday.
“Lifelong social media lover. Falls down a lot. Creator. Devoted food aficionado. Explorer. Typical troublemaker.”