Futures Point to Initial Pullback on Wall Street

Macro
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Summary · why it matters

U.S. stock futures indicate a lower open on Tuesday, with S&P 500 futures down 0.4 percent, as traders take profits after Monday's gains that pushed the Nasdaq to a record close. The Dow is set to extend its eight-session losing streak. Attention turns to the Federal Reserve's policy decision on Wednesday, where a 97.1 percent chance of a 25-basis-point rate cut is priced in, though sticky inflation data has raised concerns about a slower pace of easing next year. Before the open, the Fed will release November industrial production data, expected to rise 0.3 percent after a 0.3 percent decline in October.

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