Stock Futures Climb as Wall Street Awaits Fed Decision

Stock futures are higher this morning as investors await the Federal Reserve's highly anticipated interest rate decision, due out today at 2 p.m. ET. The CME FedWatch tool is pricing in a 92.7% chance of a 25-basis-point rate hike. Meanwhile, Treasury yields remain elevated, with the 10-year note hovering just below 5%. 

Investors are digesting August retail sales data, which showed a 1.2% jump, topping expectations for a 0.8% rise and rebounding from July's revised 0.5% decline. Futures on the Nasdaq-100 Index (NDX) are up triple digits, while Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) futures sit firmly higher as well. 

Continue reading for more on today's market, including:

• 6 stocks uptrending stocks that could keep moving higher this month, per Schaeffer's Senior Quantitative Analyst Rocky White. 
• How broader tech stocks could react to this week's Fed decision. 
• Plus, three stocks moving after earnings. 

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 2.2 million call contracts and 1.2 million put contracts traded on Tuesday. The single-session equity put/call ratio fell to 0.56, while the 21-day moving average remained at 0.59. 
2. Expedia Group Inc (NASDAQ:EXPE) is down 3.4% premarket, after Morgan Stanley initiated coverage with an "underweight" rating and $235 price target, citing the travel sector's AI tools and opportunities, only expecting a handful to succeed. Should these losses hold, the shares will erase their 3.4% year-to-date gain. 
3. J.B. Hunt Transport Services Inc (NASDAQ:JBHT) is down 11.7% in electronic trading, after the company warned of a third-quarter earnings decline due rising rates of purchase transportation. Since the start of the year, JBHT is up 40.5%. 
4. Before the bell, Intel Corp (NASDAQ:INTC) and SKY Hynix Inc (NASDAQ:SKHY) are up 3.7% and 3.3%, respectively, after a Reuters report stated the latter was in talks with Intel to manufacture memory chips in the U.S. INTC is sporting a 163.2% year-to-date lead, while newly public SKHY is up 6.2% in the last month. 
5. Housing data is due out this week alongside the highly anticipated interest rate decision, later today. 

European Markets Rise After Inflation, Wage Data

Asian markets enjoyed a lift from the real estate sector, as well as renewed focus on the Bank of Japan’s (BoJ) interest rate decision on Friday. Chinese social media giant ByteDance also made headlines, after finishing its $290 million fundraiser for its AI drugmaker unit. South Korea’s Kospi led the gainers with a 1.4% rise, while Japan’s Nikkei and China’s Shanghai Composite both rose 0.7%. Hong Kong’s Hang Seng tacked on 0.2%.

European stocks are also moving higher, as investors unpack fresh U.K. inflation data, which showed an annual rise of 3.1% in August, in line with estimates. The European Central Bank (ECB) said euro zone wage growth is tracking at 2.7% in the first quarter for fiscal 2027, stronger than the latter half of 2026, but disappointing investors. Meanwhile, the euro area saw wages increase 3.0% year-over-year for Q2 of 2026, lower than Q1’s 3.4% mark. At last glance, London’s FTSE 100 is up 0.6%, France’s CAC 40 is 0.5% higher, and Germany’s DAX has added 0.3%.