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US Stock Futures Point Slightly Lower With Fed Meeting on Tap

U.S. equities futures were slightly in the red on Monday with all eyes on the pivotal meeting of the Federal Reserve's monetary policy makers this week, at which they are widely expected to start raising interest rates for the first time since 2006.

The Federal Open Market Committee starts its two-day meeting Tuesday, culminating in an announcement on Wednesday at 2 p.m. E.T.

Meanwhile, weak crude oil prices also dampened sentiment. Recently, West Texas Intermediate crude for delivery in January was down over 2% at $34.78. Brent Crude was down over 3% at $36.73.

In equities, Newell Rubbermaid ( NWL ) fell over 5% in recent pre-market trade after agreeing to acquire Jarden Corporation ( JAH ) for $13.2 billion. JAH was up over 5%. The deal will create a consumer goods company with about $16 billion in yearly sales.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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