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LivestreamMenuTraders work on the floor of the New York Stock Exchange (NYSE) on September 09, 2026 in New York City.Spencer Platt | Getty Images
Stock futures were near flat on Monday evening as traders looked ahead to the Federal Reserve‘s policy decision due later this week.
S&P 500 futures were up 0.07%, while futures tied to the Dow Jones Industrial Average gained 28 points, or 0.05%. Nasdaq 100 futures advanced 0.08%.
In the regular trading day, the Dow declined 152 points, or 0.3%. The S&P 500 lost 0.5%, while the Nasdaq Composite slipped about 0.6%.
A sell-off in artificial intelligence-related names weighed down the stock market after Anthropic CEO Dario Amodei called for a slower pace on AI development. Over the weekend, OpenAI CEO Sam Altman also ruled out an initial public offering this year, pointing to growing worries around AI safety.
A slate of AI-connected stocks slid, with Nvidia dropping 3% and specialty glass and fiber optic play Corning tumbled 13%. The iShares AI Innovation and Tech Active ETF (BAI) dropped nearly 4%.
Higher Treasury yields also spooked investors. The 10-year Treasury yield briefly topped 5% on Monday for its highest level since October 2023. Oil prices also edged higher after Saudi Arabia shuttered a key pipeline that bypasses the Strait of Hormuz, leading Brent futures to close above $105 a barrel and West Texas Intermediate crude to settle over $101.
The Fed’s policy rate decision expected Wednesday is also weighing on traders’ minds. Fed funds futures trading suggest a roughly 92% likelihood that the central bank will lift rates by a quarter point from the current target rate range of 3.5% to 3.75%.
“We expect the Fed to, for the first time in the [Chairman Kevin] Warsh era, raise its policy rate to an upper bound of 4.0% at this week’s meeting,” Christopher Hodge, chief economist of the U.S. at Natixis CIB Americas.
“We also think that he will emphasize that this decision was discrete and does not pre-commit the Fed to any actions in subsequent meetings, giving him and the Committee maximum flexibility to respond to shocks,” he added.
19 Min Ago
Stock futures are little changed on Monday
S&P 500 futures were up 0.07%, while futures tied to the Dow Jones Industrial Average gained 24 points or 0.05% and Nasdaq 100 futures advanced 0.08%.
— Ananya Chetia
