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Stock Market Today: S&P 500, Nasdaq Futures Dip Ahead Of FOMC Decision On Interest Rates—General Mills, New Fortress, Cracker Barrel In Focus

Economic Indicators - U.S. retail sales rose 0.6% month-over-month in August, exceeding expectations [4] - U.S. industrial production increased by 0.1%, beating forecasts for a decline [4] - The NAHB/Wells Fargo Housing Market Index remained steady at 32 [4] Market Performance - The Dow Jones index closed down 126 points or 0.27% at 45,757.90, while the S&P 500 fell 0.13% to 6,606.76 [5] - Nasdaq Composite declined 0.066% to 22,333.96, and Russell 2000 dropped 0.087% to 2,403.03 [6] Federal Reserve Insights - A 25-basis point interest rate cut is widely anticipated, with a 100% likelihood of a cut according to market projections [2][8] - The Federal Reserve's expected cut would be the first since December 2024, coinciding with stock market indexes near all-time highs [3][7] - Market sentiment indicates that bets on a larger 50-basis point cut have diminished to 2% [9] Company News - Dave & Buster's Entertainment Inc. reported weaker-than-expected results for its second quarter [4] - General Mills Inc. is expected to report earnings of 81 cents per share on revenue of $4.51 billion [16] - Manchester United PLC is anticipated to report an earnings loss of 6 cents per share on revenue of $225.80 million [16] - Cracker Barrel Old Country Store Inc. is expected to report earnings of 80 cents per share on revenue of $855.29 million [16] - New Fortress Energy Inc. surged 54.40% after announcing a long-term gas supply agreement with the Puerto Rican government [16] - Scisparc Ltd. jumped 154.35% following news of a court-granted stay in merger proceedings with AutoMax Motors Ltd. [16] - Nio Inc. advanced 3.85% after UBS upgraded its rating from Neutral to Buy [16] - Workday Inc. climbed 5.58% after announcing the acquisition of AI startup Sana for $1.1 billion [16] Commodity Market - Crude oil futures traded lower by 0.45% to around $64.23 per barrel [17] - Gold Spot fell 0.55% to approximately $3,669.70 per ounce [17]