The Federal Reserve will announce its decision on interest rates at 2 p.m. ET, followed by a press conference with Chairman Jerome Powell.
It is widely anticipated that the Fed will cut interest rates for the first time in more than a decade. Attention will then shift to what Powell has to say about the way forward.
Powell could also face questions about why a rate cut is necessary at a time when the US economy is strong and unemployment remains historically low, and whether cutting rates now could limit the Fed's ability to respond to a future crisis.
The economic impact of a trade fight between the United States and China is likely to come up, too. President Donald Trump's tweets on Tuesday criticizing China indicated that the deal could still be a ways off.
Profit in Samsung's smartphone business slumped by nearly 42% to 1
Revenue dropped 4% compared to last year as Samsung also faced price declines in its memory chip business . Shares fell nearly 3%.
Apple said Tuesday that iPhone sales for the quarter fell to about $ 26 billion, a decline of nearly 12% from the same period a year earlier.
But the company managed to grow its overall revenue by 1% from the prior year as it finds more traction selling wearable devices and digital services, including Apple Pay and Apple Music. Shares rose more than 4% in premarket trading.
GE's Tumbling Earnings has stood by its 2019 guidance for industrial free cash flow throughout the year. But it faces a new threat: the Boeing 737 Max crisis.
The Dow is up about 70 points, or 0.3%, when US markets open. The S&P 500 is poised to increase 0.2%, while the Nasdaq is tracking up 0.4%.
5. Coming this week:
Wednesday – Fed rate decision; GE, Occidental Petroleum, Molson Coors, and Qualcomm Earnings
Thursday – Bank of England rate decision; General Motors, Dunkin ', Kraft Heinz and Verizon Earnings
Friday – US jobs report; Exxon, Chevron and Berkshire Hathaway earnings