S&P Futures Muted Ahead of FOMC Meeting and U.S. JOLTs Report

Economic Indicators - The Conference Board's Leading Economic Index for the U.S. is expected to drop by -0.3% month-over-month in September, an improvement from the previous decline of -0.5% [1] - The U.S. JOLTs Job Openings figures for October are anticipated to show 7.2 million openings, providing insights into the labor market's health [2] Federal Reserve Meeting - The Federal Reserve is expected to cut the Fed funds rate by 25 basis points to a range of 3.50% to 3.75% during its two-day meeting, with Chair Powell's statements being critical for future guidance [3] Stock Market Performance - Wall Street's main stock indexes closed lower, with Marvell Technology (MRVL) dropping about -7% after a downgrade, and Tesla (TSLA) falling more than -3% due to a similar downgrade [4] - Paramount Skydance (PSKY) gained over +9% after launching a hostile takeover bid for Warner Bros. Discovery at $30 per share in cash [4] Earnings Reports - Notable companies such as AutoZone (AZO), Ferguson (FERG), AeroVironment (AVAV), and GameStop Corp. (GME) are set to release their quarterly results today [6][14] International Market Updates - The Euro Stoxx 50 Index is down -0.07% amid caution ahead of the Fed's interest rate decision, while German exports rose +0.1% month-over-month, contrary to expectations [7][8] - Japan's Nikkei 225 Stock Index closed higher, driven by gains in electronics and machinery stocks, despite concerns over rising government bond yields [11] Pre-Market Stock Movements - Nvidia (NVDA) rose over +1% in pre-market trading after receiving approval to export its H200 chip to China, while Alexander & Baldwin (ALEX) jumped more than +38% following an acquisition agreement [12][13]