Traders are focused on the upcoming Fed meeting, which starts Tuesday. Market expectations point to a quarter-point rate cut on Wednesday, which would be the first rate cut in a decade.
On the data front, there will be personal and consumer spending figures out at 08:30 a.m. ET; as well as pending home sales and consumer confidence numbers due at 10:00 a.m. ET.
In corporate news, Mastercard and Under Armour are reporting before the bell. Apple and Mondelez will be updating investors after the bell. Wall Street ended on a mixed note Monday as investors monitored a new round of trade talks between the U.S. and China and weighed the upcoming Fed decision.
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