Stock futures were flat on Sunday evening ahead of the final day of October, with the Dow Jones Industrial Average poised for its best month in decades.
Dow futures were down 15 points, or less than 0.1%. The S&P 500 was also slightly lower, while Nasdaq 100 futures fell 0.1%.
The Dow rose 14.4% in October, which would be its best month since 1976. The S&P 500 and Nasdaq Composite are also up for the month, putting Wall Street on track for a breakout a two-month losing streak.
The gains came despite a mixed third-quarter earnings season for major companies, which has featured slowing growth and some major disappointments from big tech companies.
Earnings season continues this week, with Uber, Pfizer and Advanced Micro Devices among the biggest names to report.
Traders will be gearing up for the Federal Reserve’s latest meeting, which begins on Tuesday. The central bank is expected to raise rates again by three-quarters of a percentage point on Wednesday, but many on Wall Street are looking to Chairman Jerome Powell’s statement or press conference for a sign that the Fed could halt its hikes in the near future. .
“If J Powell gives the green light next week and doesn’t deliver a Jackson Hole-type performance, there’s very little to stop this move from a technical standpoint. A moving body stays moving,” wrote Matt Fleury from Goldman Sachs to a note on Saturday.