Stock Markets Latest News: Futures Modestly Higher Ahead of Fed Meeting

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Stock Markets Latest News: Futures Modestly Higher Ahead of Fed Meeting

Stock Markets Latest News: Futures Modestly Higher Ahead of Fed Meeting
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Stock Markets Latest News: Futures Modestly Higher Ahead of Fed Meeting

by Wochit 0:51 mins

U.S. stock futures are up modestly, with most investors taking a wait-and-see approach ahead of a two-day Fed policy meeting. The S&P 500 rose on Tuesday after earnings from Pfizer and others supported the market, but Mosaic and other potash producers tumbled on expectations of a global price decline. JPMorgan Chase & Co agreed to pay a civil penalty of $285 million and disgorge $125 million to settle allegations of power market manipulation in California and the Midwest, the latest settlement in a series of high-profile investigations by U.S. federal energy regulators against banks.

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