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U.S. stocks set to drift modestly higher at the open ahead of Fed decision

July 31, 2019


U.S. stock index were poised to rise Wednesday, in the final trading day of the month, ahead of a crucial Federal Reserve policy decision that is widely expected to result in the first interest-rate cut in more than a decade.

The central bank will have one helpful data point to digest before deciding policy, with a ADP’s private-sector employment report due before the opening bell.

How are the major benchmarks faring?

Futures for the Dow Jones Industrial Average YMU19, +0.26% were up 64 points, or 0.2%, at 27,229, those for the S&P 500 index ESU19, +0.19% gained 4.2 points, or 0.1%, at 3,016.25, while Nasdaq-100 futures NQU19, +0.38% climbed 25.75 points to reach 7,988, a gain of 0.3%.

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