Wall Street futures were mixed as health insurers slipped ahead of the Fed meeting

U.S. stock index futures showed minimal movement on Monday night, with Dow futures edging lower after a policy proposal from the Trump administration, as investors stayed cautious ahead of an important Federal Reserve decision and major tech earnings.

S&P 500 futures hovered near flat at 9,982.0, while Nasdaq 100 futures rose 0.2% to 25,898.2 by 19:54 ET (00:54 GMT). Meanwhile, Dow Jones futures slipped 0.3% to 49,409.0.

Wall Street ended higher, with the Dow up 0.6%, the S&P 500 gaining 0.5%, and the Nasdaq rising 0.4%.

The Trump administration proposed flat-rate payments for Medicare Advantage.

Dow futures edged lower after major health insurers slumped in late trading, following a Trump administration proposal to keep Medicare Advantage payment rates nearly flat, below market expectations. Shares of UnitedHealth, Humana, and CVS fell sharply on concerns that weaker reimbursement growth would squeeze margins amid rising medical costs. Separately, President Trump announced a hike in tariffs on South Korean imports to 25%, citing Seoul’s failure to ratify a trade deal.

Investors await the Fed decision and key megacap earnings.

Markets are in wait-and-see mode ahead of the Fed meeting, with rates expected to stay unchanged and focus on signals about future cuts. Attention is also on earnings from the “Magnificent Seven,” with results from Microsoft, Meta, Tesla, and Apple likely to shape sentiment, especially around AI investment, demand trends, and margins.

Sources: Investing