Stocks slip ahead of Fed announcement; yields, dollar up slightly

Wall Street futures are exhibiting caution as the Federal Reserve approaches a pivotal meeting regarding potential interest rate cuts, with technology earnings also on the horizon. This uncertainty reflects investor sentiment as they await clearer signals from the Fed on economic conditions.

The S&P 500 index ended slightly down as investors remain cautious ahead of the Federal Reserve's upcoming rate decision, reflecting uncertainty in the markets. This decline is indicative of a broader trend where U.S. stocks have faced downward pressure as traders await clarity on monetary policy.

President Trump is set to conduct final interviews this week for the position of Federal Reserve chair, with Kevin Hassett emerging as a leading candidate among the finalists. This follows reports of Hassett's strong support within the administration and his potential nomination expected by early 2026.

Navitas Semiconductor's director has sold $462,500 worth of shares, a transaction reported by Investing.com. This sale reflects the director's financial decisions regarding their stake in the company, which specializes in semiconductor technology.

Kevin Hassett, a leading candidate for the position of Federal Reserve Chair, has indicated that there is 'plenty of room' to cut interest rates, suggesting a potential shift in U.S. monetary policy. This statement comes as President Trump prepares to conduct final interviews for the role, with Hassett emerging as a prominent contender supported by the administration.

Braze reported its Q3 2025 earnings, exceeding revenue forecasts, which led to a rise in its stock price. This positive financial outcome reflects the company's effective operational strategies and strong market positioning in the competitive technology sector.

Oil prices have settled down approximately 1% as traders shift their focus towards ongoing peace talks regarding Ukraine and the impending Federal Reserve policy decision. This decline reflects market caution amid geopolitical uncertainties and economic signals.

US crude oil inventories have dropped more than expected, indicating a potential bullish trend for oil prices. This decline in inventories suggests a tightening supply in the market, which could lead to increased prices as demand remains steady.