By Oliver Gray
Investing.com - U.S. stock futures were trading slightly higher during Monday’s evening deals, after major benchmark indices finished the regular session lower as investors brace for further corporate earnings results as well as an expected interest rate increase from U.S. Federal Reserve policymakers later in the week.
In extended deals, Avis Budget Group (NASDAQ: CAR ) added 3.2% after the company reported Q3 EPS of $21.70, beating estimates of $14.48, while revenues came in at $3.5 billion versus $3.29 billion expected.
Ahead in the session, the U.S. Federal Reserve is set to begin its two-day policy meeting and interest rate decision , with expectations of a further 75 basis point increase in interest rates, while JOLTS job openings , construction spending , and ISM manufacturing PMI data will also be closely monitored.
On the earnings front, major companies including Advanced Micro Devices Inc (NASDAQ: AMD ), Uber Technologies Inc (NYSE: UBER ), Fox Corp (NASDAQ: FOX ), Pfizer Inc (ETR: PFE ), and Airbnb Inc (NASDAQ: ABNB ) are set to report results.
During Monday’s session, the Dow Jones Industrial Average fell 128.9 points or 0.4% to 32,733, the S&P 500 fell 29.1 points or 0.8% to 3,872, and the NASDAQ Composite lost 114.3 points or 1% to 10,988.2.
On the bond markets, United States 10-Year rates were at 4.05%.
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