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Dow Jones Futures, Stock Market Rally Await Fed Meeting News; Oracle, Roblox Are Key Movers Late

Posted Date: June 16 2021
Dow Jones futures were little changed Wednesday morning, along with S&P 500 futures and Nasdaq futures, awaiting the outcome of the two-day Federal Reserve meeting. Oracle (ORCL) and Roblox (RBLX) headlined after-hours news. Bitcoin pulled back slightly after hitting the top of its recent range. China intervened in metals markets as economic data came in below estimates.
 
The stock market rally pulled back modestly Tuesday but continues to trend higher. The S&P 500 briefly hit a fresh high Tuesday morning before retreating. The Nasdaq, which set a closing high Monday, also slid, along with the Dow Jones and Russell 2000. Freeport-McMoRan (FCX) and other mining stocks were big losers, with copper prices tumbling. On the upside, oil stocks rallied with U.S. crude prices.
 
Tesla (TSLA) fell back below key support as the EV stock seeks direction. Microsoft (MSFT) is hovering just below a buy point.

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