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Futures Flat As Investors Turn Eyes To Fed Meeting

wochit business
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December 16, 2013 AT 6:17 AM
U.S. stock index futures were little changed on Monday, suggesting investors were reluctant to buy even after a steep decline last week, as they turned their focus to an upcoming Federal Reserve policy meeting. Equities are coming off their worst week in nearly four months, a pullback that came on concerns the Fed may begin a stimulus wind-down at its two-day policy-setting meeting that ends Wednesday. The stimulus has been a major contributor to the market's gains this year, and has been expected to keep a floor under stock prices for as long as it continues.