US stock market today: Dow, S&P 500 futures flat ahead of Fed decision, megacap earnings

• Meanwhile, the dollar index, which measures the greenback against a basket of major currencies, including the yen and the euro, rose 0.19%.
• Benchmark US crude jumped $4.42 to $104 a barrel, while Brent crude, the international benchmark, gained another $4.34 to hit $115.60 a barrel, extending its winning streak to eight straight sessions.
• The Nasdaq Composite futures were up by 0.30%.
• After hovering around $70 in late February, Brent prices are now moving closer to their peak of $119, reached when concerns over the war were at their highest.

Article Brief

US stock futures traded flat as investors awaited the Federal Reserve's policy decision and earnings from major tech companies. Concerns over OpenAI's missed targets and rising crude oil prices influenced market sentiment, while the UAE's exit from OPEC added pressure on global supply.

Monetary policy shifts ripple into IPO valuations through discount rates and liquidity. Use our IPO evaluation framework to factor rate changes into any upcoming issue.