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Market Commentary

Market sees modest losses as recent gains consolidated


Stock futures drifted during the early session and closed below fair value, leading to a slightly lower open for the broader market, which has rallied over the past week and pulled itself out of correction territory. The early economic data was in-line and had little effect on the market, with investors turning their focus to the Fed's interest rate decision at 2:00 pm this afternoon. However, few expect that the central bank will raise rates today. In early trading, the S&P is down 9 points, the Dow is down 27 points and the Nasdaq is down 36 points.

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