"The U.S. equity markets are seeing some pressure in early action, ahead of this afternoon's monetary policy decision by the Federal Reserve, while the overnight boost from more emerging market central bank action to stabilize the currency markets has dissipated. Treasuries are higher ahead of the Fed decision and amid festering emerging market uneasiness, while a report showed U.S. mortgage applications dipped. In earnings news, Dow member Boeing Co posted stronger-than-expected results, but offered a softer-than-estimated outlook, while fellow Dow component AT&T Inc reported disappointing wireless subscriber growth. Moreover, Dow Chemical Co topped the Street's quarterly expectations, while Yahoo Inc's display-ad revenues disappointed. Gold and the U.S. dollar are higher, while crude oil prices are mixed. Overseas, Asian stocks finished mostly higher following the emerging market central bank actions, while European equities are losing altitude alongside the U.S. markets".
Source: Schwab
Source: Schwab
