Stock market today: Dow, S&P 500, Nasdaq futures mixed with Fed meeting, Big Tech earnings on deck

U.S. stock futures were mixed Monday evening as investors braced for a packed week of corporate earnings and the Federal Reserve’s first interest rate decision of the year.

Dow Jones Industrial Average futures fell 0.3%, weighed down by a sharp decline in UnitedHealth shares after a report that Medicare payment rates to insurers will remain unchanged. S&P 500 futures hovered near flat, while Nasdaq 100 futures edged up 0.1%.

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The cautious open follows a positive regular session Monday, lifted by gains in major tech stocks ahead of their earnings reports. Apple, Meta Platforms, and Microsoft all advanced.

Earnings season accelerates significantly this week, with more than 90 S&P 500 companies set to report. Key releases include Meta, Microsoft, and Tesla on Wednesday, followed by Apple on Thursday.

Investors are also focused on the Federal Reserve’s policy meeting concluding Wednesday. While the central bank is widely expected to hold rates steady, markets will scrutinize any guidance on the timing of future rate cuts.

Adding to the uncertainty, President Donald Trump announced late Monday that tariffs on South Korean goods—including autos and pharmaceuticals—will rise to 25% from 15%, citing legislative delays in Seoul. Additionally, a potential government shutdown looms as Senate Democrats move to block Homeland Security funding.

Economic data due Tuesday includes updates on consumer confidence and home prices, while earnings from General Motors, American Airlines, and Boeing will provide further insight into corporate health.

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